Hi, I'm stuck on my assignement.
In the question im supposed to find the direct material variance. I have to find the price variance and quantity variance the problem is i am not given the actual quantity or actual price. I am having trouble finding it.
standard costs for material :
5 kg @ $4 = 20$ per unit
For actual cost I am given $200,000 for direct material .But I am not given the actual price or quantity. Actual unit cost is 30$ per hour.
In the question im supposed to find the direct material variance. I have to find the price variance and quantity variance the problem is i am not given the actual quantity or actual price. I am having trouble finding it.
standard costs for material :
5 kg @ $4 = 20$ per unit
For actual cost I am given $200,000 for direct material .But I am not given the actual price or quantity. Actual unit cost is 30$ per hour.
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