Asked by
Cristal Suriel Mercedes
on Dec 16, 2024
Verified
Calculate the total direct materials cost variance.
A) $9,262.50 unfavorable
B) $9,262.50 favorable
C) $3,780.00 unfavorable
D) $3,562.50 favorable
Direct Materials Cost Variance
The difference between the budgeted cost of materials for products and the actual cost incurred.
- Understand the relationship between actual costs and standard costs in variances calculation.
- Ascertain the aggregate manufacturing cost discrepancy and its constituent parts.
Verified Answer
GF
Learning Objectives
- Understand the relationship between actual costs and standard costs in variances calculation.
- Ascertain the aggregate manufacturing cost discrepancy and its constituent parts.