If you give me wrong answer I will give you unhelpful rate on these general accounting question Tech Solvers produces 8-foot USB cables. During the past year, thecompany purchased 59,374,000 feet of plastic-coated wire at a priceof $0.28 per foot. The standard of The direct material for the cablesallows 8.56 feet of wire at a standard price of $0.26. During the year,the company used a total of 534,690 feet of wire to produce 69,4008-foot cables.Calculate Tech Solvers' direct materials quantity variance for theyear.

Step 1: Define Variance AnalysisIn cost accounting, variance analysis is an accounting analysis that…

Answered: Tech Solvers produces 8-foot USB…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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