Simba Companys standard materials cost per unit of output is R100 (2 kilograms R50). During July,

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Simba Company’s standard materials cost per unit of output is R100 (2 kilograms × R50). During July, the company purchases and uses 3,200 kilograms of materials costing R161,920 in making 1,500 units of finished product. Compute the total, price, and quantity materials variances.

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Related Book For  answer-question

Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

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