Sprague Company's standard materials cost per unit of output is $10 (2 kg $5.00). During July,
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Sprague Company's standard materials cost per unit of output is $10 (2 kg × $5.00). During July, the company purchases and uses 3,200 kg of materials costing $16,160 in making 1,500 units of finished product. Calculate the total, price, and quantity materials variances.
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Actual per unit price 16160 3200 kilograms 505 Standard ...View the full answer
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Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118856994
4th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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