(Answered) Question - direct materials variancesthe following data

Accounting

Question - Direct materials variances

The following data relate to the direct materials cost for the production of 2,000 automobile tires:

Actual: 51,700 lbs. at $1.85 95,645

Standard: 52,700 lbs. at $1.80 94,860

Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Use the minus sign to enter favorable variances as negative numbers.

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