Information about direct materials cost follows for a local company. Standard price per materials gram ......................................$16 Actual
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Information about direct materials cost follows for a local company.
Standard price per materials gram ......................................$16
Actual quantity used ............................................................2,250 grams
Standard quantity allowed for production .......................2,375 grams
Price variance ...................................................................$14,400 F
Required
What was the actual purchase price per gram?
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-1259969478
6th edition
Authors: William N. Lanen, Shannon Anderson, Michael W Maher
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