90.2K
Verified Solution
Link Copied!
1.The standard costs and actual costs for direct materials for the manufacture of 1,000 actual units of prodcut are as follows:
Standard Costs
Direct Materials (per completed Unit) 1.05 kilograms @$8.00
Direct Materials
Direct Materials 2,000 kilograms@$7
The amount of direct materials price variance is:
2. The following data relate to direct materials costs for May:
Actual costs 4,000 pounds at $5.50
Standard Costs 4,200 pounds at $6.00
a. What is the direct materials price variance?
b. What is the direct materials quantity variance?
Answer & Explanation
Solved by verified expert
