Perform variance analysis for Intel Corporation's direct materials for April 2023 Use the following data Standard Cost per Unit of Material $4 Actual Cost per Unit of Material $4 25 Standard Quantity of Material Allowed for Actual Production 2,000 units Actual Quantity of Material Used 2,200 units Question Using the given data, calculate the direct materials price variance and the direct materials quantity variance for Intel Corporation for April 2023 Show your calculations

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Question: Perform variance analysis for Intel Corporation's direct materials for April 2023. Use the following data: Standard Cost per Unit of Material: $4 Actual Cost per

Perform variance analysis for Intel Corporation's direct materials for April 2023.
Use the following data:
- Standard Cost per Unit of Material: $4
- Actual Cost per Unit of Material: $4.25
- Standard Quantity of Material Allowed for Actual Production: 2,000 units
- Actual Quantity of Material Used: 2,200 units

Question:

Using the given data, calculate the direct materials price variance and the direct materials quantity variance for Intel Corporation for April 2023. Show your calculations.

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