Using the standard unit costs that you computed in SE3 and the actual cost and usage data

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Using the standard unit costs that you computed in SE3 and the actual cost and usage data that follow, compute the direct materials price and direct materials quantity variances.

Direct materials purchased and used (pounds)........... 21,800

Price paid for direct materials.................. $10.10 per pound

Number of good units produced...................... 21,000 units

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Managerial Accounting

ISBN: 978-1133940593

10th edition

Authors: Susan V. Crosson, Belverd E. Needles

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Question Posted: Dec 21, 2016 10:45 AM

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Using the standard unit costs that you computed in SE3 and the actual cost and usage data

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Direct Materials Price Variance Diagram Form E Actual Direct Mat...View the full answer

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