Calculate the direct materials price variance, Basic Statistics

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Calculate the direct materials price variance

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Q: McNabb Corporation makes shoe polish. The standard direct materials quantity is .5 pounds per container at a cost of $2.25 per pound. The actual usage for the production of 33,000 containers was .55 pounds per cushion at an actual cost of $2.20 per pound. Calculate the direct materials price variance and the direct materials quantity variance.?

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Basic Statistics: Calculate the direct materials price variance

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