Direct Materials Variances De Soto Inc. produces tablet computers. The company uses Thin Film...

80.2K

Verified Solution

Question

Accounting

Direct Materials Variances
De Soto Inc. produces tablet computers. The company uses Thin Film Crystal (TFC) LCD displays for its products. Each tablet uses one display. The compar produced 770 tablets during July. However, due to LCD defects, the company actually used 800 LCD displays during July, Each display has a standard cost $12.50. Eight hundred LCD displays were purchased for July production at a cost of $9,400.
Determine the price variance, quantity variance, and total direct materials cost variance for July.
Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Price variance
Quantity variance
Total direct materials cost variance
$
$
$
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students