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

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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?

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: Sep 05, 2011 07:50 AM

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

Question:

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

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a b The direct materials price variance should normally be reported to the Purchasing Department whi...View the full answer

Accounting

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