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Analyse total variance into a direct material price variance

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Reference no: EM132597594

The standard direct materials cost of Product X is:

  1. 4kg of material A at $2 per kg: $8.
  2. 5,000 units of Product X were produced. These used 21,000kg of material A, which cost $38,000.

Question (a) Calculate the direct materials total cost variance for the month.

Question (b) Analyse this total variance into a direct material price variance and a direct material usage variance.

Reference no: EM132597594

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