Next Generation Company management is analyzing the company's standard cost variances for direct materials for the most recent period. The following information was available from company records.
There were no increases or decreases in inventories during the period. Calculate the materials price variance for the period.

Question

Next Generation Company management is analyzing the company's standard cost variances for direct materials for the most recent period. The following information was available from company records.
  There were no increases or decreases in inventories during the period. Calculate the materials price variance for the period.

Quizplus · Accepted Answer

The Answer of Next Generation Company management is analyzing the company's standard cost variances for direct materials for the most recent period. The following information was available from company records.
  There were no increases or decreases in inventories during the period. Calculate the materials price variance for the period.

Next Generation Company Management Is Analyzing the Company's Standard Cost