(Direct material variances) In November, Gruden Publishing Companys costs and quantities of paper consumed in manufacturing its...

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(Direct material variances) In November, Gruden Publishing Company’s costs and quantities of paper consumed in manufacturing its 2007 Executive Plan¬ ner and Calendar were as follow:

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a. Calculate the total cost of purchases for November.

b. Compute the material price variance (based on quantity purchased). C. Calculate the material quantity variance.LO.1

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Cost Accounting Foundations And Evolutions

ISBN: 9780324235012

6th Edition

Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn

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