Feagin Company purchased and used 90,000 feet of material at ($2.90) per foot to make 22,000 units
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Feagin Company purchased and used 90,000 feet of material at \($2.90\) per foot to make 22,000 units of a finished product. The per-unit standard for material is 4 feet @ \($3.00\) = \($12.00.\) What were the materials price variance and the materials efficiency variance?
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Authors: Jason Wallace, James Nelson, Karen Christensen, Theodore Hobson, Scott L. Matthews
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