Ramie has a standard price of P5.50 per pound for materials. July's results showed an unfavorable material

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Question:

Ramie has a standard price of P5.50 per pound for materials.

July's

results showed an unfavorable material price variance of P44 and a

favorable quantity variance of P209.

If 1,066 pounds were used in

production, what was the standard quantity allowed for materials?

Can i ask for the solution on how it's solved?

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Managerial Accounting

ISBN: 9780073022857

7th Edition

Authors: Ronald W Hilton

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Posted Date: May 10, 2024 11:29 AM

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Ramie has a standard price of P5.50 per pound for materials. July's results showed an unfavorable material

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Expert Answer:

To solve this problem we need to use the information provided about the material price variance and ... View the full answer

Managerial Accounting

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