need help this questions The standard materials cost to produce 1 unit ofProduct R is 9 pounds of material at a standardprice of $53 per pound. In manufacturing 5,000units, 44,000 pounds of material were used at acost of $54 per pound. What is the total directmaterials cost variance?

Step 1: Definition of Standard CostingStandard costing is a cost control method used to estimate and…

Answered: The standard materials cost to produce…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 5PA: Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but...

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The standard materials cost to produce 1 unit of Product R is 9 pounds of material at a standard price of $53 per pound. In manufacturing 5,000 units, 44,000 pounds of material were used at a cost of $54 per pound. What is the total direct materials cost variance?