Please answer all questions clear. thank you Calculating the Direct

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School
Western Governors University **We aren't endorsed by this school
Course
ACCOUNTING MISC
Subject
Accounting
Date
Nov 18, 2023
Pages
1
Uploaded by ChancellorTurkey3795 on coursehero.com
Please answer all questions clear. thank you Calculating the Direct Materials Price Variance and the Direct Materials Usage Variance Guillermo's Oil and Lube had 940 oil changes. Guillermo's Oil and Lube Company provided the following information for the production of oil changes during the month of June: Actual number of oil changes performed: 940 Actual number of quarts of oil used: 6,400 quarts Actual price paid per quart of oil: $5.30 Standard price per quart of oil: $5.20 Required: MPV $ MUV $ 2. Calculate the total direct materials variance for oil for June. If required, round your answer to the nearest cent. $ What would be the materials price variance (MPV)? What would be the materials usage variance (MUV)? $
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