Question

the following data relate to the direct materials cost for the production of 50,000 automobile tires: actual: 725,000 lbs. at $3.00 per lb. standard: 730,000 lbs. at $2.95 per lb. a. determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. direct materials price variance $fill in the blank 1 direct materials quantity variance $fill in the blank 3 total direct materials cost variance $fill in the blank 5 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 1

Step-by-step explanation:

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