Final Exam O 3 E QS 21-8 (Algo) Direct materials price and quantity variances LO P3 A company reports the following for

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Final Exam O 3 E Qs 21 8 Algo Direct Materials Price And Quantity Variances Lo P3 A Company Reports The Following For 1 (33.45 KiB) Viewed 53 times

Final Exam O 3 E QS 21-8 (Algo) Direct materials price and quantity variances LO P3 A company reports the following for one of its products Direct materials standard (4 pounds $1 per pound) Actual direct materials used (AQ) Actual units produced Actual cost of direct materials used $12 per wilt Actual Cost 330,000 pursh 44,000 with $907,500 AQ-Actual Quantity SQ-Standard Quantity AP-Actual Price SP Standard Price Compute the direct materials price and quantity vartances and identify each as favorable or unfavorable Standard Cost Seved