Business, 06.05.2020 04:36 arguellesjavier15

A manufacturer of large flower pots for urban settings. The company has these standards: LOADING...(Click the icon to view the standards.) LOADING...(Click the icon to view the actual results.) Requirements 1. Compute the direct materials price variance and the direct materials quantity variance. 2. What is the total variance for direct materials? 3. Who is generally responsible for each variance? 4. Interpret the variances. Requirement 1. Compute the direct materials price variance and the direct materials quantity variance. (Enter the variances as positive numbers. Enter currency amounts in the formula to the nearest cent and then round the final variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DM = Direct materials) First determine the formula for the price variance, then compute the price variance for direct materials. x ( - ) = DM price variance x ( -

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A manufacturer of large flower pots for urban settings. The company has these standards: LOADING...(...