Natural Company produces organic twig brooms. Each broom calls for 1 pound of wood; the wood should
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Natural Company produces organic twig brooms. Each broom calls for 1 pound of wood; the wood should cost $0.25 per pound. In July, the division manufactured and sold 500,000 brooms. During the month, it used 495,000 pounds of wood, and the total cost of the material was $128,700. Normal monthly capacity was set at 580,000 brooms. Calculate Natural's material price and quantity variances for wood for the month.
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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