Business, 05.05.2021 01:30 Mariefritz13

The following data relate to the direct materials cost for the production of 2,200 automobile tires: Actual: 51,700 lbs. at $1.70 $87,890
Standard: 50,700 lbs. at $1.75 $88,725

Required:
a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance.

Direct Materials Price Variance $
Direct Materials Quantity Variance $
Total Direct Materials Cost Variance $

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.

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The following data relate to the direct materials cost for the production of 2,200 automobile tires:...

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