Maurice Tutor

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Category > Accounting Posted 05 Aug 2017 My Price 3.00

Direct materials variances

Direct materials variances

The following data relate to the direct materials cost for the production of 4,000 automobile tires:

Actual:                        72,500 lbs. at $3.30

Standard:                  75,160 lbs. at $3.15

 

a.     Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance.

b.                                To whom should the variances be reported for analysis and control?

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Maurice Tutor
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Status NEW Posted 05 Aug 2017 12:08 AM My Price 3.00

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