Question: Cullumber, Inc. uses a standard cost system in which direct materials are carried at standard cost. Standards for one unit of product are: standard quantity
Cullumber, Inc. uses a standard cost system in which direct materials are carried at standard cost. Standards for one unit of product are: standard quantity of 9.0 gallons and standard price $1.85 per gallon. During March, Cullumber purchased 150,300 gallons of direct materials at a cost of $300,300 and used 150,800 gallons in production of 18,300 units, Calculate the direct materials price and quantity variances and indicate whether each variance is favorable or unfavorable. Direct materials price variance Direct materials quantity variance $ Savo for Later Attempts: 0 of 1 used Submit
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