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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Total materials variance R11920 U 3200 X R5...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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