A company uses a standard cost accounting system. Prepare the journal entry to record these direct materials

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A company uses a standard cost accounting system. Prepare the journal entry to record these direct materials variances:

Direct materials cost actuallyincurred. $73,200 Direct materials quantity variance (favorable). 3,800 Direct materials price variance (unfavorable). 1,300

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Fundamental Accounting Principles Volume 2

ISBN: 9780077716660

21st Edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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