(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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Managerial Accounting

ISBN: 978-1337270595

14th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Feb 08, 2013 02:42 AM

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(7.5%) Standard and actual costs for direct materials for the manufacture of 1,000 units of product were...

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