(7.5%) Standard and actual costs for direct materials for the manufacture of 1,000 units of product were...
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(7.5%) Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows:
Actual costs ...1,550 lbs. @ $9.10
Standard costs ... 1,600 lbs @ $9.00
Determine the (a) quantity variance, (b) price variance, and (c) total direct materials cost variance
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Related Book For
Managerial Accounting
ISBN: 978-1337270595
14th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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