The following data relate to the direct materials cost for the production of 2,000 automobile a. Determine
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The following data relate to the direct materials cost for the production of 2,000 automobile
a. Determine the price variance, quantity variance, and total direct materials cost variance.b. To whom should the variances be reported for analysis andcontrol?
Transcribed Image Text:
Actual: Standard: $98,280 $98,790 54,600 lbs. at $1.80 53,400 lbs. at $1.85
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a b The direct materials price variance should normally be reported to the Purchasing Department whi...View the full answer
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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