Pericloud Company uses a standard cost system The following information pertains to July direct materials Standard price per pound $20 00 Actual purchase price per pound $18 00 Purchased amount 2,000 pounds amount used 1400 pounds Standard Quantity Allowed for Actual Production 1450 pounds actual o...

The material usage variance measures the difference between the amount of material that was actually ...

Pericloud Company uses a standard cost system. The following information pertains to July direct materials: Standard price

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Pericloud Company uses a standard cost system. The following information pertains to July direct materials:

Standard price per pound.	$20.00
Actual purchase price per pound.	$18.00
Purchased amount	2,000 pounds
amount used	1400 pounds
Standard Quantity Allowed for Actual Production	1450 pounds
actual output	500 units

Pericloud Company informs the price variations of its materials at the time of purchase.

What is the material usage variance for the Pericloud Company?

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Managerial Accounting

ISBN: 978-0134128528

5th edition

Authors: Karen W. Braun, Wendy M. Tietz

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Posted Date: May 11, 2023 01:01 AM

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Pericloud Company uses a standard cost system. The following information pertains to July direct materials: Standard price

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Managerial Accounting

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