9 Homework (Application) Direct Materials Variances Alvarado Company produces a product that requires...
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Accounting
Homework Application
Direct Materials Variances
Alvarado Company produces a product that requires standard pounds per unit. The standard price is $ pound. units used pounds, which were purchased at $ per pound.
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the require analysis, and input your answers in the questions below.
X
Open spreadsheet
What is the direct materials a price variance, b quantity variance, and c cost variance? Round your answers to the nearest dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
a Direct materials price variance
b Direct materials quantity variance
$
c Direct materials cost variance
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