Urban Corporation prepared the following variance report. Instructions Fill in the appropriate amounts or letters for the
Question:
Urban Corporation prepared the following variance report.
Instructions
Fill in the appropriate amounts or letters for the question marks in the report.
Transcribed Image Text:
Urban Corporation Variance Report-Purchasing Department For the Week Ended January 9, 2020 Туре of Materials Roguel1 Quantity Actual Standard Price Purchased Price Price Variance Explanation ? lbs. $5.20 $5.00 $5,500 ? Price increase 1,050 U 660 F Bought larger quantity Storm17 7,000 oz. 22,000 units 3.30 Rush order Beast29 0.40
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Rogue 11 Since the explanation towards variance is price increase we can ...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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