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Standard and actual cost for direct materials for...

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Standard and actual cost for direct materials for the manufacture of 1,000 units of product were as follows: Actual costs 1,550 lbs. @ $9.10 Standard costs 1,600 lbs. @ $9.00 Determine the following: a) quantity variance b) price variance c) direct materials cost variance

 

Paper#3224 | Written in 18-Jul-2015

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