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Computing the direct materials cost variance

Response to the following problem:

Brewster Company produces a product that requires four standard pounds per unit. The standard price is $6.80 per pound. If 1,500 units required 6,400 pounds, which were purchased at $6.50 per pound, what is the direct materials

(a) Price variance,

(b) Quantity variance, and

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Cost Accounting: Computing the direct materials cost variance

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Cost Accounting: Computing the direct materials cost variance

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