Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as
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Question:
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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