Question: Using the standard costs in SE 3 and the following actual cost

Using the standard costs in SE 3 and the following actual cost and usage data, compute the direct materials price and direct materials quantity variances:
Direct materials purchased and used ......... 55,000 pounds
Price paid for direct materials ........... $10.00 per pound
Number of good units produced .......... 11,000 units


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  • CreatedFebruary 21, 2013
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