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The following materials variance analysis was performed for Goldman. Requirement Record Goldmans direct materials journal entries. Actual Price Standard Price Standard Price Actual Quantity $0.65

The following materials variance analysis was performed for Goldman.

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Requirement

Record Goldmans direct materials journal entries.

Actual Price Standard Price Standard Price Actual Quantity $0.65 7,700 = $5,005 $0.35 7,700 = $2,695 $0.35 6,800 = $2,380 Actual Quantity Standard Quantity Allowed Price Variance $2,310 U Efficiency Variance $315 U

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