Direct Materials Variances. The following data relate to the direct materials cost for the production of...

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Direct Materials Variances. The following data relate to the direct materials cost for the production of automobile tires: Actual: 50,000 lbs. at $2.05 per lb. Standard: 51,500 lbs. at $2.10 per lb. a. Determine the direct materials price variance, direct materials quantity variance, and total direct materia Direct Materials Price Variance Direct Materials Quantity Variance Total Direct Materials Cost Variance b. The direct materials price variance should normally be reported to the . When lowe < of raw materials is caused by the purchase of higher-quality raw materials, the variance should be reported to Direct Materials Variances. The following data relate to the direct materials cost for the production of automobile tires: Actual: 50,000 lbs. at $2.05 per lb. Standard: 51,500 lbs. at $2.10 per lb. a. Determine the direct materials price variance, direct materials quantity variance, and total direct materia Direct Materials Price Variance Direct Materials Quantity Variance Total Direct Materials Cost Variance b. The direct materials price variance should normally be reported to the . When lowe < of raw materials is caused by the purchase of higher-quality raw materials, the variance should be reported to