Question: The following data relate to the direct materials cost for the production of 2,000 automobile a. Determine the price variance, quantity variance, and total direct

The following data relate to the direct materials cost for the production of 2,000 automobile

a. Determine the price variance, quantity variance, and total direct materials cost variance.b. To whom should the variances be reported for analysis andcontrol?

Actual: Standard: $98,280 $98,790 54,600 lbs. at $1.80 53,400 lbs. at $1.85

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