Information about Clearwater Companys direct materials cost follows: Standard price per materials gram . . . .

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Information about Clearwater Company’s direct materials cost follows:

Standard price per materials gram . . . . . . . . . . . . . . . . $20

Actual quantity used . . . . . . . . . . . . . . . . . . . . . . . . . . 900 grams

Standard quantity allowed for production . . . . . . . . . . 950 grams

Price variance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $7,200 F

Required

What was the actual purchase price per gram?

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Fundamentals of Cost Accounting

ISBN: 978-0077398194

3rd Edition

Authors: William Lanen, Shannon Anderson, Michael Maher

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Question Posted: Apr 26, 2012 04:35 AM

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Information about Clearwater Companys direct materials cost follows: Standard price per materials gram . . . .

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Actual Costs AP x 900 9...View the full answer

Fundamentals of Cost Accounting

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