Essay
The following materials standards have been established for a particular product: 
The following data pertain to operations concerning the product for the last month: 
The direct materials purchases variance is computed when the materials are purchased.
Required:
a. What is the materials price variance for the month?
b. What is the materials quantity variance for the month?
Correct Answer:
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a. Materials price variance = (AQ × AP) ...View Answer
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Correct Answer:
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