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The following data relate to the direct materials cost for the production of 1,900 automobile tires: Actual: 60,800 lb. at $2.05 Standard: 59,600 lb. at
The following data relate to the direct materials cost for the production of 1,900 automobile tires:
Actual: | 60,800 lb. at $2.05 |
Standard: | 59,600 lb. at $2.00 |
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 | FavorableUnfavorableUnfavorable |
Quantity variance | $fill in the blank 3 | FavorableUnfavorableUnfavorable |
Total direct materials cost variance | $fill in the blank 5 | FavorableUnfavorableUnfavorable |
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