Materials Price Variance = (SP-AP) * AQ = (11 - 10.56)*16300 = -7172 Favourable |
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Materials usage variance = (SQ-AQ) * SP = (5*3200 - 16300)*11 = 3300 Unfavorable |
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Materials cost variance = 7172 F + 3300 U = -3872 Favourable |
SHOW HOW Direct Materials Variances Bellingham Company produces a product that requires five standard pounds per...
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