Direct materials variances Actual: 52,200lb. at $1.75 Standard: 53,800lb. at $1.80 Price Varience - Quantity variance...
Direct materials variances
Actual: 52,200lb. at $1.75
Standard: 53,800lb. at $1.80
Price Varience -
Quantity variance -
Total Direct Materials Cost Varience -
also are they Favorable or unfavorable
The Following Data Relates to the Direct Materials Cost for the production of 2,500 automobile Tires:
Homework Answers
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| Direct Material Price Variance | = | (Standard Price - Actual Price)* Actual Quantity | |||||||||
| = | ( $1.80 - $1.75) * 52,200 | ||||||||||
| = | $2,610 ( Favourable ) | ||||||||||
| Direct Material Qantity Variance | |||||||||||
| = | (Standard Quantity - Actual Quantity )* Standard Price | ||||||||||
| = | (53,800-52,200)* $1.80 | ||||||||||
| = | $2,880 | (Favourable ) | |||||||||
| Direct Material Cost Variance | = | ( Standard Price * Standard Quantity )- ( Actual Price * Actual Quantity) | |||||||||
| = | ( $1.80 * 53,800) - ( $1.75 * 52,200) | ||||||||||
| = | $96,840 - $91,350 | ||||||||||
| = | $ 5,490 (Favourable ) | ||||||||||
Add Answer to:
Direct materials variances
Actual: 52,200lb. at $1.75
Standard: 53,800lb. at $1.80
Price Varience -
Quantity variance...
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