Business, 19.05.2020 16:58 cierra3678

Direct Materials 6.9 liters $5.00/literDirect Labor .3 hours $17/hourThe company reported the following results concerning this product in January. Actual Output 8,400 unitsActual Direct Labor Hours Worked 2,310 hoursActual Price of Raw Materials $4.90/literActual Direct Labor Rate $17.10/hourPurchases of Raw Materials 62,500 litersThere was no beginning inventory of materials; however, at the end of the month, 4,170 liters of direct material remained in ending inventory.1. Compute the direct materials price variance

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Direct Materials 6.9 liters $5.00/literDirect Labor .3 hours $17/hourThe company reported the follow...

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