We make small elevators which can hold a maximum of ten passengers. One of the direct materials

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We make small elevators which can hold a maximum of ten passengers. One of the direct materials we use is industral strength carpetig for the floor of the elevator. the direct materials quantity stadard we use is 8 squares yards for each elevator. The standard cost of this carpeting is $12 per square yard. Last month the carpeting was purchased for $11 per square yard, and the production department used an average of 8.5 square yards of carpet to complete a total of 90 elevators.
A. Calculate the direct materials price variance for the month
B. Calculate the direct materials quantity variance for the month
c. What is the total variance for the month?
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Principles of Accounting

ISBN: 978-1439037744

11th Edition

Authors: Needles, Powers, crosson

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