Product X has a standard direct material cost as follows.

10 kg of material Y at $5 per kg, that is, $50 material Y per unit of X. During the current period, 1,000 units of X were manufactured, using 10,000kg of material Y which cost $45,000.

 

What is the direct material total variance?

Answer rating: 100% (QA)

To calculate the direct material total variance we need to understand that the variance consists of ... View the full answer