Question

Madsen Enterprises’s direct materials costs for March follow. What are the direct materials price, usage, and inventory variances?
Actual quantity purchased ............................................................... 5,000 pounds
Actual quantity used in production ................................................. 4,900 pounds
Quantity allowed for production ..................................................... 4,800 pounds
Actual price per pound .................................................................... $ 13
Standard price per pound ................................................................ $ 12


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  • CreatedMarch 25, 2015
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