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Standard and Actual Costs for Direct Materials for the Manufacture

question 29

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Standard and actual costs for direct materials for the manufacture of 2,000 units of product were as follows:  Actual costs 2,750lbs.@$8.10 Standard costs 2,800lbs.@$8.00\begin{array} { l l } \text { Actual costs } & 2,750 \mathrm { lbs } . @ \$ 8.10 \\\text { Standard costs } & 2,800 \mathrm { lbs } . @ \$ 8.00\end{array} ?
Determine the (a) quantity variance, (b) price variance, and (c) total direct materials cost variance.


Definitions:

Morphological Features

Traits or attributes of an organism's form and structure, including shape, size, and arrangement of parts, visible under a microscope or with the naked eye.

Artiodactyls

A large group of hoofed mammals that includes both domesticated and wild species such as pigs, cattle, deer, and camels, characterized by an even number of toes.

Cetaceans

A group of marine mammals including whales, dolphins, and porpoises, characterized by their fully aquatic lifestyle and typically large brains.

Fossil Record

The collection of preserved remains or imprints of living organisms found in sedimentary rocks, which provides historical evidence for evolution.

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