Business, 04.07.2020 23:01 nicollexo21
Direct Materials Variances The following data relate to the direct materials cost for the production of 2,300 automobile tires: Actual: 61,000 lbs. at $1.75 per lb. Standard: 62,800 lbs. at $1.80 per lb. a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Price Variance $ Direct Materials Quantity Variance $ Total Direct Materials Cost Variance $ b. The direct materials price variance should normally be reported to the . When lower amounts of direct materials are used because of production efficiencies, the variance would be reported to the .
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