Parker Corporation manufactures and sells a standard tool used by the automotive industry to build...
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Parker Corporation manufactures and sells a standard tool used by the automotive industry to build automobiles. To manufacture one tool the following parts are needed. Description Quantity Cost per unit Total Cost Square metal piece X $ $ Round metal piece $ $ Metal Stand $ $ During the month of May Parker Corporation produced and sold tools at a selling price of $ per tool. Raw Materials requisition records indicated that the following raw materials were requisitioned by production employees to put into the production process. Description Quantity Square metal piece X Round metal piece Metal Stand Purchasing records indicate the Parker purchased the following during the month of May. Description Quantity Total Cost Square metal piece X $ Round metal piece $ Metal Stand $ Based on the data shown above, what is the total amount of direct materials variance:
Parker Corporation manufactures and sells a standard tool used by the automotive industry to build automobiles.
To manufacture one tool the following parts are needed.
Description Quantity Cost per unit Total Cost
Square metal piece X $ $
Round metal piece $ $
Metal Stand $ $
During the month of May Parker Corporation produced and sold tools at a selling price of $ per tool.
Raw Materials requisition records indicated that the following raw materials were requisitioned by production employees to put into the production process.
Description Quantity
Square metal piece X
Round metal piece
Metal Stand
Purchasing records indicate the Parker purchased the following during the month of May.
Description Quantity Total Cost
Square metal piece X $
Round metal piece $
Metal Stand $
Based on the data shown above, what is the total amount of direct materials variance:
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