This week, you made 500 units of Product N90, which has the following standards and actuals:...

 

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This week, you made 500 units of Product N90, which has the following standards and actuals: Direct Materials standard: 1.00 yards per unit $1.95 per yard Direct Materials actuals: 1.05 yards per unit $2.00 per yard What is the TOTAL Direct Materials Price Variance? Hint: Multiply the "DM Price Variance" you get by the quantity produced NOTE: Key your number as a decimal only. Do not use a "," comma or the "$" sign. For example: Key: 1234.56 NOT: $1,234.56 This week, you made 500 units of Product N90, which has the following standards and actuals: Direct Materials standard: 1.00 yards per unit $1.95 per yard Direct Materials actuals: 1.05 yards per unit $2.00 per yard What is the TOTAL Direct Materials Price Variance? Hint: Multiply the "DM Price Variance" you get by the quantity produced NOTE: Key your number as a decimal only. Do not use a "," comma or the "$" sign. For example: Key: 1234.56 NOT: $1,234.56

Answer rating: 100% (QA)

Answer To calculate the Total Direct Materials Price Vari... View the full answer