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Dandelion Ltd manufactures a health food known as 'Pickup'. The standard material cost of a packet of Pickup is as

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Dandelion Ltd manufactures a health food known as 'Pickup'. The standard material cost of a packet of Pickup is as follows: 3 litres at $5 per litre. In one month Dandelion Ltd produced 12 000 packets of Pickup using 2.8 litres of material per packet at a total cost of $4.80 per litre. 


Required 

Calculate the direct material usage and price variances for 12 000 packets of Pickup. 

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To calculate the direct material usage and price variances we will use the following formulas Direct …View the full answer


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Accounting A Level And AS Level

Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

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Question Details
Chapter # 35- Standard costing
Section: Exercises
Problem: 5
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Question Posted: August 29, 2023 08:17:04
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