Using the standard costs in SE 3 and the following actual cost and usage data, compute the
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Using the standard costs in SE 3 and the following actual cost and usage data, compute the direct materials price and direct materials quantity variances:
Direct materials purchased and used .........55,000 pounds
Price paid for direct materials ...........$10.00 per pound
Number of good units produced ..........11,000 units
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Related Book For
Managerial Accounting
ISBN: 978-0618777181
8th Edition
Authors: Susan V. Crosson, Belverd E. Needles
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