Question: O WORDS POWERED BY T P QUESTION 6 10 points Save An The standard cost of Product B manufactured by Farrell Company includes 3 units

O WORDS POWERED BY T P QUESTION 6 10 points Save

O WORDS POWERED BY T P QUESTION 6 10 points Save An The standard cost of Product B manufactured by Farrell Company includes 3 units of direct material at $5.00 per unit. During June, 29,000 units of direct material purchased at a cost of $4.70 per unit and 29,000 units of direct material are used to produced 9,400 units of Product B. Required: a. Compute the total materials variance and the price and quantity variances. b. Repeat (a), assuming that the purchase price is $5.15, and the quantity purchased and used is 28,000 units

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