Question: Tuff Stuff has set standards - listed below - that Tuff uses for the raw materials used in manufacturing their tough blankets which are called

Tuff Stuff has set standards - listed below - that Tuff uses for the raw materials used in manufacturing their tough blankets which are called "007".

Tuff Stuff has set standards - listed below - that Tuff uses

Tuff Stuff has set standards - listed below - that Tuff uses for the raw materials used in manufacturing their tough blankets which are called "007". The following data pertain to a recent month's operations at Tuff: The direct materials purchases variance is computed when the materials are purchased. Required: a. What is the materials price variance for the month? b. What is the materials quantity variance for the month? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

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