Using the standard costs in SE 3 and the following actual cost and usage data, calculate the

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Using the standard costs in SE 3 and the following actual cost and usage data, calculate the direct materials price and direct materials quantity variances:

1. Direct materials purchased and used .........55,000 pounds

2. Price paid for direct materials ...........$10.00 per pound

3. Number of good units produced ..........11,000 units

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Managerial Accounting

ISBN: 978-0618777181

8th Edition

Authors: Susan V. Crosson, Belverd E. Needles

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Question Posted: Feb 21, 2013 06:18 AM

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Using the standard costs in SE 3 and the following actual cost and usage data, calculate the

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