Duval inc budgets direct materials at $1/liter and requires 4 liters per unit of finished product. April’s activities show usage of 832 liters to complete 196 units at a cost of $798.72. Calculate the direct materials price and quantity variances and indicate favorable or unfavorable results.

Answer rating: 100% (QA)

To calculate the direct materials price and quantity variances for Duval Inc we need to compare the actual costs and usage of materials with the standard costs and usage based on the budgeted amounts ... View the full answer