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uba The following standards have been established for a raw material used to make product N04: Standard quantity of the material per unit of output Standard price of the material. ******** The following data pertain to a recent month's operations: Actual material purchased.. Actual cost of material purchased........... Actual material used in production......... Actual output.............. 5,200 pounds $82,680 4,600 1,760 2.7 pounds $15.50 per pound a. What is the materials price variance for the month? b. What is the materials quantity variance for the month? pounds units of product N04 uba The following standards have been established for a raw material used to make product N04: Standard quantity of the material per unit of output Standard price of the material. ******** The following data pertain to a recent month's operations: Actual material purchased.. Actual cost of material purchased........... Actual material used in production......... Actual output.............. 5,200 pounds $82,680 4,600 1,760 2.7 pounds $15.50 per pound a. What is the materials price variance for the month? b. What is the materials quantity variance for the month? pounds units of product N04
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a Direct material price variance Standard price Actual price Actual quantity Standard price 1550 ... View the full answer
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
Posted Date:
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