Problem

Calculating Direct Materials Cost VariancesRandolph, Inc., has determined a standard direc...

Calculating Direct Materials Cost Variances

Randolph, Inc., has determined a standard direct materials cost per unit of $6 (2 feet × $3 per foot). Last month, Randolph purchased and used 4,200 feet of direct materials for which it paid $12,180. The company produced and sold 2,000 units during the month. Calculate the direct materials price, quantity, and spending variances.

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