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The following standards have been established for a raw material used to make product 084 : The following dato pertain to a recent month's operations:
The following standards have been established for a raw material used to make product 084 : The following dato pertain to a recent month's operations: The direct materials purchases variance is computed when the materials are purchased Required: a. What is the materials price variance for the month? b. What is the materials quantity variance for the month? (Indicate the effect of each variance by selecting "F" for favorsble, " U " for unfavorable, sind "None" for no effect (i.e., zero varience). Input all amounts os positive values.)
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