A company provided the following direct materials cost information. Compute the total direct materials variance. Standard costs assigned: Direct materials standard cost (420,000 units @ $6.00/unit) $ 2,520,000 Actual costs: Direct materials costs incurred (418,750 units @ $6.20/unit) $ 2,596,250
A company provided the following direct materials cost information. Compute the total direct materials variance. Standard costs assigned: Direct materials standard cost (420,000 units @ $6.00/unit) $ 2,520,000 Actual costs: Direct materials costs incurred (418,750 units @ $6.20/unit) $ 2,596,250
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter8: Budgeting For Planning And Control
Section: Chapter Questions
Problem 14CE: Refer to Cornerstone Exercise 8.13. In March, Nashler Company produced 163,200 units and had the...
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A company provided the following direct materials cost information. Compute the total direct materials variance.
Direct materials standard cost (420,000 units @ $6.00/unit) | $ 2,520,000 |
---|---|
Actual costs: | |
Direct materials costs incurred (418,750 units @ $6.20/unit) | $ 2,596,250 |
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