Assume the following information appears in the standard cost card for a company that makes only one
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Question:
Assume the following information appears in the standard cost card for a company that makes only one product:
Standard Quantity or Hours Standard Price or Rate Standard Cost
Direct materials pounds $ per pound $
Direct labor hours $ per hour $
Variable manufacturing overhead hours $ per hour $
During the most recent period, the following additional information was available:
pounds of material was purchased at a cost of $ per pound.
All of the material that was purchased was used to produce units.
direct laborhours were recorded at a total cost of $
What is the direct materials spending variance?
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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