The following information is available for ABC Co. for the month of July 2019. Actual quantity...

 

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The following information is available for ABC Co. for the month of July 2019. Actual quantity of material purchased and used Actual purchase price of materials Materials purchase price variance 30,000 pounds $2.40 per pound $1,200 Unfavorable Standard quantity of materials allowed for actual production 28,000 pounds What was the materials efficiency variance for July 2019? The following information is available for ABC Co. for the month of July 2019. Actual quantity of material purchased and used Actual purchase price of materials Materials purchase price variance 30,000 pounds $2.40 per pound $1,200 Unfavorable Standard quantity of materials allowed for actual production 28,000 pounds What was the materials efficiency variance for July 2019?

Answer rating: 100% (QA)

Absolutely I can help you calculate the materials efficiency variance for ABC Co in July 2019 Heres how using the concepts of standard costing and var... View the full answer