The following data relate to the direct materials cost for the production of 4,000 automobile tires
January 7th, 2018
Direct materials variancesThe following data relate to the direct materials cost for the production of 4,000 automobile tires:Actual: 72,500 lbs. at $3.30Standard: 75,160 lbs. at $3.15a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance.b. .transtutors.com/qimg/0f21c362-5fe9-4f4a-8af0-8f67da19abf6.png”>To whom should the variances be reported for analysis and control?