TranscribedText: During March, Flounder, Inc. purchases and uses 9,400 pounds of materials costing $38,070 to make 4,300
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TranscribedText: During March, Flounder, Inc. purchases and uses 9,400 pounds of materials costing $38,070 to make 4,300 tiles. Flounder's standard material cost per tile is $8.00 (2 pounds of material x $4.00). Compute the total, price, and quantity material variances for Flounder, Inc. for March. Identify whether each variance is favorable or unfavorable. Total Materials Variance $ Materials Price Variance $ Materials Quantity Variance $
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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