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    Quantity variance and other material variances

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    Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows:

    Actual costs 1,550 lbs. @ $9.10
    Standard costs 1,600 lbs. @ $9.00

    Determine the (a) quantity variance, (b) price variance, and (c) total direct materials cost variance.

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    https://brainmass.com/business/accounting/quantity-variance-material-variances-220104

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    Determine the (a) quantity variance, (b) price variance, ...

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    This solution provides the steps to compute the quantity variance, price variance, total direct materials cost variance.

    $2.19

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