eBook Show Me How Print Item Direct Materials Variances Venneman Company produces a product that...
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eBook Show Me How Print Item Direct Materials Variances Venneman Company produces a product that requires 8 standard pounds per unit. The standard price is $9.50 per pound. If 6,100 units required 50,300 pounds, which were purchased at $9.12 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance? Enter a favorable variance as a negative number using a minus sion and an unfavorable variance as a positive number, a. Direct materials price variance Favorable b. Direct materials quantity variance Unfavorable Total direct materials cost variance Favorable X Previous Chuck My Wurk 21 FM G 2
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