Question: QS 2 3 - 8 ( Algo ) Direct materials price and quantity variances LO P 3 A company reports the following for one of

QS 23-8(Algo) Direct materials price and quantity variances LO P3 A

QS 23-8(Algo) Direct materials price and quantity variances LO P3
A company reports the following for one of its products.
AQ= Actual Quantity
SQ= Standard Quantity
AP= Actual Price
SP= Standard Price
Compute the direct materials price and quantity variances and identify each as favorable or unfavorable.
company reports the following for one of its products. AQ= Actual Quantity

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