The following data relate to the direct materials cost for

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Reference no: EM13600978

The following data relate to the direct materials cost for the production of 4,000 automobile tires:

Actual: 130,242 pounds at $1.65 $214,896
Standard: 128.760 pounds at $1.85 $238,206

(a). Determine the price variance, quantity variance, and total direct materials cost variance.
(b). To whom should the variances be reported for analysis and control?

Reference no: EM13600978

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