Refer to the following data on Firm A Cost standards: Direct material Direct labour Actual results:...
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Refer to the following data on Firm A Cost standards: Direct material Direct labour Actual results: 7800 units were produced. Direct material purchased Direct material used Direct labour 3 kg @ $2.50 per kg 5 hours@ $7.50 per hour 25 000 kg @ $2.60 23 100 kg 40 100 hours @ $7.30 Calculate the direct material quantity variance. $7.50 $37.50 $65 000 $292 730 Refer to the following data on Firm A Cost standards: Direct material Direct labour Actual results: 7800 units were produced. Direct material purchased Direct material used Direct labour 3 kg @ $2.50 per kg 5 hours@ $7.50 per hour 25 000 kg @ $2.60 23 100 kg 40 100 hours @ $7.30 Calculate the direct material quantity variance. $7.50 $37.50 $65 000 $292 730
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Accounting Texts and Cases
ISBN: 978-1259097126
13th edition
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
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