Randolph, Inc., has determined a standard direct materials cost per unit of ($6) (2 feet ($3)

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Randolph, Inc., has determined a standard direct materials cost per unit of \($6\) (2 feet × \($3\) per foot). Last month, Randolph purchased and used 4,200 feet of direct materials for which it paid \($12,180.\) The company produced and sold 2,000 units during the month. Calculate the direct materials price, quantity, and spending variances.

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Managerial Accounting

ISBN: 9780078110771

1st Edition

Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips

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