heManuel Company is assessing its material purchases for the past fiscal year. Manuel produces aluminum wheels and

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heManuel Company is assessing its material purchases for the past fiscal year. Manuel produces aluminum wheels and buys aluminum in pounds. The Company reported the following information:

Standard Materials Used8,000 pounds

Actual Materials Used9,000 pounds

Standard cost per pound$8

Actual cost per pound$7

What was the direct materialspricevariance?

Posted Date: May 11, 2024 02:52 AM

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heManuel Company is assessing its material purchases for the past fiscal year. Manuel produces aluminum wheels and

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Answer The direct materials price variance measures the difference between the standard cost ... View the full answer

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