eBook Show Me How Question Content Area Direct Materials Variances The following data relate...
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Direct Materials Variances
The following data relate to the direct materials cost for the production of automobile tires:
Actual: lbs at $ per lb
Standard: lbs at $ 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.
Line Item Description Amount Variance
Direct Materials Price Variance $fill in the blank
Unfavorable
Direct Materials Quantity Variance $fill in the blank
Favorable
Total Direct Materials Cost Variance
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