2. The following materials standards have been established for a particular product: Standard quantity per unit...
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2. The following materials standards have been established for a particular product: Standard quantity per unit of output........... Standard price....... 1.7 meters $19.80 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased. 5.800 meters $113,680 Actual cost of materials purchased.. Actual materials used in production... Actual output....... 5,100 meters 3,200 units What is the materials quantity variance for the month? A. $13,720 U B. $6,732 F C. $13,860 U D. $6,664 F 2. The following materials standards have been established for a particular product: Standard quantity per unit of output........... Standard price....... 1.7 meters $19.80 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased. 5.800 meters $113,680 Actual cost of materials purchased.. Actual materials used in production... Actual output....... 5,100 meters 3,200 units What is the materials quantity variance for the month? A. $13,720 U B. $6,732 F C. $13,860 U D. $6,664 F
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
Posted Date:
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