The standard cost of product 999 includes 2 units of direct materials at $5.80 per unit. During
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The standard cost of product 999 includes 2 units of direct materials at $5.80 per unit. During August, the company bought 27,100 units of materials at $6.00 and used those materials to produce 14,050 units. Calculate the total, price, and quantity variances for materials. (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answers to 0 decimal places, e.g. 125.) Total material variance $enter a dollar amount select an option Materials price variance $enter a dollar amount select an option Materials quantity variance $enter a dollar amount for each section explain if it is favourable?
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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