Question
The following data relate to the direct materials cost for the production of 1,800 automobile tires: Actual: 59,800 lb. at $1.90 Standard: 61,600 lb. at
The following data relate to the direct materials cost for the production of 1,800 automobile tires:
Actual: | 59,800 lb. at $1.90 |
Standard: | 61,600 lb. at $1.85 |
a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Price variance | $fill in the blank 1 | Unfavorable |
Quantity variance | $fill in the blank 3 | Favorable |
Total direct materials cost variance | $fill in the blank 5 | Favorable |
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Financial And Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th Edition
1337119202, 978-1337119207
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