A&G makes wrought iron table and chair sets. During April, the purchasing agent bought 25,600 pounds of
Question:
a. For April, compute the direct material price variance (based on the quantity purchased) and the direct material quantity variance (based on quantity used).
b. Identify the titles of individuals in the firm who would be responsible for each of the variances.
c. Provide some possible explanations for the variances computed in part (a).
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Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
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