Standard and Actual Costs for Direct Materials for the Manufacture $\begin{array}{ll}1,5501 \mathrm{bs} .@ \$ 9.10 & \text { Actual costs } \\1,6001 \mathrm{bs} . @\$ 9.00 & \text { Standard costs }\end{array}$

question 148

Essay

Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows:
$\begin{array}{ll}1,5501 \mathrm{bs} .@ \$ 9.10 & \text { Actual costs } \\1,6001 \mathrm{bs} . @\$ 9.00 & \text { Standard costs }\end{array}$
Determine the (a) quantity variance, (b) price variance, and (c) total direct materials cost variance.

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Definitions:

Cardinality

In database design, refers to the uniqueness and relationships in data modeling, indicating the number of associations between entities.

Entity

In the context of databases and data modeling, an entity is a thing or object of interest for which data is stored, such as a person, place, item, or event.

Mesh Network

A network topology in which devices are interconnected in a non-hierarchical manner, allowing for direct, dynamic communication between nodes.

Personal Area

Refers to a space, often in the context of Personal Area Networks (PANs), that surrounds a person with the capability to connect and communicate wirelessly with various devices.