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Whom should variances be reported for analysis and control

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Reference no: EM132833936

The following data relate to the direct materials cost for the production of 20,000 automobile tires:

Actual:           80,000 lbs. at $2.65                   $212,000
Standard:       86,000 lbs. at $2.50                       $215,000

Problem a ) Determine the price variance, quantity variance, and total direct materials cost variance.

Problem b) To whom should the variances be reported for analysis and control?

Reference no: EM132833936

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