Consider the following information Direct material purchased and used, 80,000 gallons Standard amount of direct material allowed for May production, 76,000 gallons Actual cost of direct materials purchased and used, $176,000 Negative direct material quantity variance, $9,400 What would be the Direc...

To calculate the direct material price difference we need to determine the standard price per gallon ...

Consider the following information: Direct material purchased and used, 80,000 gallons Standard amount of direct material allowed

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Consider the following information:
Direct material purchased and used, 80,000 gallons
Standard amount of direct material allowed for May production, 76,000 gallons
Actual cost of direct materials purchased and used, $176,000
Negative direct material quantity variance, $9,400
What would be the Direct material price difference?
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Cornerstones of Cost Management

ISBN: 978-1285751788

3rd edition

Authors: Don R. Hansen, Maryanne M. Mowen

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Posted Date: Jul 14, 2023 07:25 AM

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Consider the following information: Direct material purchased and used, 80,000 gallons Standard amount of direct material allowed

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Cornerstones of Cost Management

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