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Calculate the direct material efficiency variance

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Reference no: EM132534239

Question 1: Calculate the Variances

(SQ) Dimm Company produces a product that requires four gallons per unit
(SC) The standard cost is $24.50 per gallon
(AQ) 2,500 units required 10,600 gallons
(AC) which were purchased at $23.75 per gallon

Question 2: Calculate the variances

(a) direct material cost variance
(b) direct material efficiency variance
(c) total direct material variance

Reference no: EM132534239

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