Direct Materials Variances The following data relate to the direct materials cost for the production...

50.1K

Verified Solution

Question

Accounting

image

Direct Materials Variances The following data relate to the direct materials cost for the production of 1,800 automobile tires: Actual: 60,700lbs. at $1.9 per lb. Standard: 58,900lbs. at $1.95 per lb. variance as a positive number. b. The direct materials price variance should normally be reported to the ! . When lower amounts of direct materials are used because of production efficiencies, the variance would be reported to the . When the favorable use of raw materials is caused by the purchase of higher-quality raw materials, the variance should be reported to the

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