Ask Question
19 February, 04:37

The standard materials cost to produce one unit of product m is 6 pounds of material at a standard price of $50 per pound. in manufacturing 8,000 units, 47,000 pounds of material were used at a cost of $51 per pound. what is the total direct material cost variance?

+4
Answers (1)
  1. 19 February, 08:28
    0
    Direct material cost variance = (Standard price - Actual Price) * Actual Quantity

    = ($50 - $51) * 47,000

    = $47,000 adverse
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The standard materials cost to produce one unit of product m is 6 pounds of material at a standard price of $50 per pound. in manufacturing ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers