Question: please help! Acoma, Incorporated, has determined a standard direct materials cost per unit of $7.60 ( 2 feet $3.80 per foot). Last month, Acoma purchased
Acoma, Incorporated, has determined a standard direct materials cost per unit of $7.60 ( 2 feet $3.80 per foot). Last month, Acoma purchased and used 4,400 feet of direct materials, for which it paid $16,280. The company produced and sold 2,020 units during the month. Required: Calculate the direct materiais price, quantity, and spending variances: Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your intermediate calculations to 2 decimal places
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