Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows:
Actual costs
1,550 lbs. at $9.10
Standard costs
1,600 lbs. at $9.00
Determine the direct materials (a) quantity variance, (b) price variance, and (c) total cost variance.

Question

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The Answer of Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows:
Actual costs
1,550 lbs. at $9.10
Standard costs
1,600 lbs. at $9.00
Determine the direct materials (a) quantity variance, (b) price variance, and (c) total cost variance.

Standard and Actual Costs for Direct Materials for the Manufacture