Question: Dvorak Company produces a product that requires five standard pounds

Dvorak Company produces a product that requires five standard pounds per unit. The standard price is $ 2.50 per pound. If 1,000 units required 4,500 pounds, which were purchased at $ 3.00 per pound, what is the direct materials
(a) Price variance,
(b) Quantity variance,
(c) Cost variance?


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  • CreatedJune 27, 2014
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