Question
The actual and standard direct materials costs are as follows: Standard: 50,000 pounds at $5.00 per pound = $250,000 (50,000 x $5) Actual: 51,000 pounds
The actual and standard direct materials costs are as follows:
Standard: 50,000 pounds at $5.00 per pound = $250,000 (50,000 x $5)
Actual: 51,000 pounds at $5.05 per pound = $257,550 (51,000 x $5.05)
How much is the total variance?
How much is the direct material price variance?
How much is the direct material volume variance?
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Global Financial Accounting And Reporting Principles And Analysis
Authors: Peter Walton, Walter Aerts
4th Edition
1473729521, 9781473729520
