A company developed the following per-unit standards for its product: 2 pounds of direct materials at $6.00

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A company developed the following per-unit standards for its product: 2 pounds of direct materials at $6.00 per pound. Last month, 3000 pounds of direct materials were purchased for $5700 and entered into production.

Calculate the direct materials price variance.

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Managerial Accounting

ISBN: 978-0078111006

14th edition

Authors: Ray Garrison, Eric Noreen and Peter Brewer

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Posted Date: May 08, 2024 07:35 AM

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A company developed the following per-unit standards for its product: 2 pounds of direct materials at $6.00

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Managerial Accounting

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