The Jamalco Bauxite Company produces alumina and at the beginning of the year the following data...
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The Jamalco Bauxite Company produces alumina and at the beginning of the year the following data was available: (CLO 3) Price of direct material per kg Usage of material (kg) Labour rate per hour Direct labour hours Standard Actual 6.40 6.30 # 570 610 3.42 3.22 120 140 Calculate the direct material price variance: The Jamalco Bauxite Company produces alumina and at the beginning of the year the following data was available: (CLO 3) Price of direct material per kg Usage of material (kg) Labour rate per hour Direct labour hours Standard Actual 6.40 6.30 # 570 610 3.42 3.22 120 140 Calculate the direct material price variance:
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1 The direct material price variance can be calculated using the following formula Where Standard Price 640 per kg Actual Price 630 per kg Actual Usag... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0176223311
1st Canadian Edition
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
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