Cox Company uses standard costing. The following data are available for April: Actual quantity of direct materials

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Cox Company uses standard costing. The following data are available for April:

Actual quantity of direct materials used ...... 12,200 gallons

Standard price of direct materials ......... $4 per gallon

Material quantity variance ............ $2,000 unfavorable

The standard quantity of material allowed for April production is: A. 14,200 gallonsB. 12,700 gallonsC. 11,700 gallonsD. 10,200 gallons

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Aug 05, 2013 03:30 AM

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Cox Company uses standard costing. The following data are available for April: Actual quantity of direct materials

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Computation of the following Cox Company C 11700 gallons Le...View the full answer

Accounting concepts and applications

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