The following data relate to the direct materials cost for the production of 2,500 automobile tires: Actual: Standard: 55,600 lb. at $1.80 53,900 lb. at $1.75 a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative numbe using a minus sign and an unfavorable variance as a positive number. Price variance Quantity variance Total direct materials cost variance b. The direct materials price variance should normally be reported to the efficiencies, the variance would be reported to the materials, the variance should be reported to the If lower amounts of direct materials had been used because of production . If the favorable use of raw materials had been caused by the purchase of higher-quality raw

The following data relate to the direct materials cost for the production of 2,500 automobile tires: Actual: Standard: 55,600 lb. at $1.80 53,900 lb. at $1.75 a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative numbe using a minus sign and an unfavorable variance as a positive number. Price variance Quantity variance Total direct materials cost variance b. The direct materials price variance should normally be reported to the efficiencies, the variance would be reported to the materials, the variance should be reported to the If lower amounts of direct materials had been used because of production . If the favorable use of raw materials had been caused by the purchase of higher-quality raw

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Description: i need the answer quickly The following data relate to the direct materials cost for the production of 2,500 automobile tires:Actual:Standard:55,600 lb. at $1.8053,900 lb. at $1.75a. Determine the direct materials price variance, direct materials qua

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 4E: The following data relate to the direct materials cost for the production of 50,000 automobile...

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