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Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows: Actual costs 1,450 lbs. @ $8.10 Standard
Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows:
Actual costs | 1,450 lbs. @ $8.10 |
Standard costs | 1,500 lbs. @ $8.00 |
Determine the (a) quantity variance, (b) price variance, and (c) total direct materials cost variance.
a. Quantity variance | $_____ |
b. Price variance | $_____ |
c. Total direct materials cost variance | $_____ |
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