Madsen Enterprisess direct materials costs for March follow. What are the direct materials price, usage, and inventory
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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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Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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