MyTime Inc. produces electronic timepieces. The company uses mini-LCD displays for its products. Each timepiece uses one display. The company produced 540
timepieces during October. However due to LCD defects the company actually used 570 LCD displays during October. Each display has a standard cost of $8.60. Five hundred seventy LCD displays were purchased for October production at a cost of $4560.
Determine theprice variancequantity variance and total direct materialscost variance for October. Use the minus sign to enter favorable variances as negative numbers.
Select Favorable Variance Unfavorable Variance Item 2 Select Favorable Variance Unfavorable Variance Item 4 Select Favorable Variance Unfavorable Variance Item 6