Question: EA6. LO 8.2 Use the information provided to answer the questions. Actual price paid per pound of material Total standard pounds for units produced this

EA6. LO 8.2 Use the information provided to answer the questions. Actual price paid per pound of material Total standard pounds for units produced this period Pounds of material used $ 14.50 12,500 13,250 $4,637.50 Direct materials price variance favorable All material purchased was used in production. A. What is the standard price paid for materials? B. What is the direct materials quantity variance? C. What is the total direct materials cost variance? D. If the direct materials price variance was unfavorable, what would be the standard price? Solution A. B. C. D. UA

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