Listor Company made 3,800 bookshelves using 23,200 board feet of wood costing $290,000. The companys direct materials

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Listor Company made 3,800 bookshelves using 23,200 board feet of wood costing $290,000. The company’s direct materials standards for one bookshelf are 8 board feet of wood at $12 per board foot.

(1) Compute the direct materials variances incurred in manufacturing these bookshelves. (2) Interpret the direct materials variances.

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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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Question Posted: May 17, 2012 06:08 AM

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Listor Company made 3,800 bookshelves using 23,200 board feet of wood costing $290,000. The companys direct materials

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1 Preliminary computations Actual quantity 23200 bd ft given Standard quantity 3800 units x 8 bd ftu...View the full answer

Managerial Accounting

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