Question: Tercer reports the following on one of its products Compute

Tercer reports the following on one of its products. Compute the direct materials price and quantity variances.
Direct materials standard (4 lbs. @ $ 2/ lb.) . . . . . . . . $ 8 per finished unit
Actual direct materials used . . . . . . . . . . . . . . . . . . . . 300,000 lbs.
Actual finished units produced . . . . . . . . . . . . . . . . . . 60,000 units
Actual cost of direct materials used . . . . . . . . . . . . . . $ 535,000



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  • CreatedNovember 29, 2013
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