Calabria​, Inc. has compiled the following​ data: 1​(Click the icon to view the​ information.)   Compute the amount of direct materials used.     Calabria, Inc.   Computation of Direct Materials Used   (1)         + (2)         + (3)         = (4)         - (5)         = Direct Materials Used     1: Data Table Purchases of Direct Materials $6,000 Freight In 900 Property Taxes 1,100 Ending Direct Materials 1,700 Beginning Direct Materials 3,900 (1)

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Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.