The Following Direct Materials Variance Computations Are Incomplete

question 143

Essay

The following direct materials variance computations are incomplete. Fill in the missing values, and identify the direct materials flexible budget variance as favorable or unfavorable.
Direct materials price variance = ($? - $12.50)× 7,000 pounds = $3,500 U
Direct materials quantity variance = (? - 6,700 pounds)× $12.50 = ? U
Direct materials flexible budget variance = $?

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Definitions:

Roger Williams

A Puritan minister who founded the colony of Rhode Island in 1636, advocating for separation of church and state and religious freedom.

Half-Way Covenant

A 1662 religious compromise that allowed baptism and partial church membership to colonial New Englanders whose parents were not among the Puritan elect.

Generational Church Membership

Generational church membership refers to the practice of families maintaining membership and active participation in the same local church across several generations.

Church Membership

The state of being formally affiliated with a religious institution or community, often involving participation in its spiritual and communal activities.