Opal Company's standard materials costs for producing 1 pint Product Z are: 9 ounces of Material A-1
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Question:
Opal Company's standard materials costs for producing 1 pint Product Z are:
9 ounces of Material A-1 at P0.20 per ounceP1.80
9.2 ounces of Material A-2 at P0.30 per ounceP2.76
During December 2014, Opal produces 4,000 pints of Product Z. The actual materials costs were as follows:
36,250 ounces of Materials A-1 at P0.204P7.395
36,400 ounces of Materials A-2 at P0.28P10.192
Compute for Total Material Variance, Material Quantity Variance, and Material Price Variance .
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