Jorrey Company manufactures bookcases. Direct materials standards are 20 board feet of lumber per bookcase at a

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Jorrey Company manufactures bookcases. Direct materials standards are 20 board feet of lumber per bookcase at a cost of $ 2.50 per board foot. During the month of July, Jorrey purchased 25,000 board feet of lumber at a total cost of $ 60,000. Production during July used 21,000 board feet of lumber to manufacture 1,000 bookcases. What are the direct materials price, usage, and inventory variances?
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Related Book For  answer-question

Introduction to Accounting An Integrated Approach

ISBN: 978-0078136603

6th edition

Authors: Penne Ainsworth, Dan Deines

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