Hart Company made 3,000 bookshelves using 22,000 board feet of wood costing $266,200. The companys direct materials

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Hart Company made 3,000 bookshelves using 22,000 board feet of wood costing $266,200. The company’s direct materials standards for one bookshelf are 8 board feet of wood at $12 per board foot.

1. Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves.

2. Interpret the direct materials variances.

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Fundamental Accounting Principles

ISBN: 978-0077862275

22nd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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Question Posted: Apr 23, 2015 03:19 AM

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Hart Company made 3,000 bookshelves using 22,000 board feet of wood costing $266,200. The companys direct materials

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1 Preliminary computations Actual quantity 22000 bd ft given Standard quantity 3000 units x 8 bd f...View the full answer

Fundamental Accounting Principles

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