Relate to the direct materials cost for the production, Accounting Basics

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Relate to the direct materials cost for the production

The following data relate to the direct materials cost for the production of 4,000 automobile tires:

Actual: 130,242 pounds at $1.65 $214,896
Standard: 128.760 pounds at $1.85 $238,206

(a). Determine the price variance, quantity variance, and total direct materials cost variance.
(b). To whom should the variances be reported for analysis and control?

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Accounting Basics: Relate to the direct materials cost for the production

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Request for Solution File

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Accounting Basics: Relate to the direct materials cost for the production

Reference No:- TGS0708479

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is the noncontrolling interests share of rocknes

Q : Revenue that would be recognized

Q : Calculate the total conversion cost

Q : Explain how much would be allocated to packaged foods

Q : Relate to the direct materials cost for the production

Q : Explain why it is the correct method to use

Q : The manufacturer chattel lien

Q : What was wall''s net pay for the week

Q : Explain the refundable security deposit

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Relate to the direct materials cost for the production

Reference No:- TGS0708479

Recent Questions Asked Accounting Basics

Q : What is the noncontrolling interests share of rocknes

Q : Revenue that would be recognized

Q : Calculate the total conversion cost

Q : Explain how much would be allocated to packaged foods

Q : Relate to the direct materials cost for the production

Q : Explain why it is the correct method to use

Q : The manufacturer chattel lien

Q : What was wall''s net pay for the week

Q : Explain the refundable security deposit

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