Concord Company's standard materials cost per unit of output is $8.00 (2.00 pounds x $4.00). During July,
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Question:
Concord Company's standard materials cost per unit of output is $8.00 (2.00 pounds x $4.00). During July, the company purchases and uses 2,860 pounds of materials costing $15,158 in making 1,300 units of finished product. Compute the total, price, and quantity materials variances.
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