Direct materials variancesaccountguru
McLean Company produces a product that requires three standard gallons per unit. The standard price is $18.50 per gallon.
If 2,500 units required 8,000 gallons, which were purchased at $18.00 per gallon, what are the direct materials:
(a) Price variance
(b) Quantity variance
(c) Cost variance
- 9 years ago
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