Question: Managerial Accounting PROBLEM 4- 20 points The following data relate to a product manufactured by Kent Corporation: Direct material standard: 3.5 square feet at $2.50

Managerial Accounting

PROBLEM 4- 20 points The following data relate to a product manufactured by Kent Corporation: Direct material standard: 3.5 square feet at $2.50 per square foot Direct material purchased & used: 33,000 square feet at $2.60 per square foot Manufacturing activity: 9,600 units completed SHOW ALL COMPUTATIONS Compute price variance, quantity variance, direct material variance

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