A manufacturing company reports the following for one of its products. Compute the direct materials (a) price
Question:
A manufacturing company reports the following for one of its products. Compute the direct materials
(a) price variance
(b) quantity variance, and identify each as favorable or unfavorable.
Transcribed Image Text:
Standard direct materials quantity and price per unit Actual direct materials quantity and price...... Actual units produced and sold...... ***** 8 pounds @ $6 per pound 83,000 pounds @ $5.80 per pound 10,000 units
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a Price variance b Quantity variance Actual quantity X Stan...View the full answer
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