Sprague Company's standard materials cost per unit of output is $10 (2 kg $5.00). During July,

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Sprague Company's standard materials cost per unit of output is $10 (2 kg × $5.00). During July, the company purchases and uses 3,200 kg of materials costing $16,160 in making 1,500 units of finished product. Calculate the total, price, and quantity materials variances.

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Managerial Accounting Tools for Business Decision Making

ISBN: 978-1118856994

4th Canadian edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

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