Direct Materials Variances The following data relate to the direct materials cost for the production...
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Accounting
Direct Materials Variances
The following data relate to the direct materials cost for the production of 2,200 automobile tires:
Actual: 49,600 lbs. at $1.7 $84,320
Standard: 48,100 lbs. at $1.65 $79,365
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.
Price variance $?
Quantity variance $?
Total direct materials cost variance $?
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