Goldman, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is...
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Goldman, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 1.0 pound per class at a cost of $.50 per pound. The actual results for one month's production of 7200 glasses was 1.1 pounds per glass, at a cost of $.40 per pound. Calculate the direct materials cost variance and the direct material efficiency variance.Identify whether the varience is favorable (F) or unfavorable (U).
Identify whether the varience is favorable (F) or unfavorable (U).
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