Standard and Actual Costs for Direct Materials for the Manufacture $\begin{array}{ll}\text { Actual costs } & 1,450 \mathrm{lbs} @ \$ 8.10 \\\text { Standard costs } & 1,500 \mathrm{lbs} @ \$ 8.00\end{array}$

question 151

Essay

Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows: $\begin{array}{ll}\text { Actual costs } & 1,450 \mathrm{lbs} @ \$ 8.10 \\\text { Standard costs } & 1,500 \mathrm{lbs} @ \$ 8.00\end{array}$ ?
Determine the (a) quantity variance, (b) price variance, and (c) total direct materials cost variance.

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Definitions:

Charge Separation

The process by which electric charge is distributed over two or more atoms or molecules, leading to the formation of ions or polarized compounds.

C-O Bond

Refers to the covalent bond between a carbon atom and an oxygen atom, fundamental to organic chemistry.

Bond Dipole

A measure of the polarity of a chemical bond between two atoms, characterized by a difference in electronegativity and resulting in a partial positive and partial negative end.

Acidity

A measure of a substance's ability to donate a proton (H+) in a chemical reaction, often discussed in the context of acid-base chemistry.