The actual and standard direct materials costs for producing a specified quantity of product are as follows:

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Actual: 51,000 pounds at $5.05 $257,550 Standard: 50,000 pounds at $5.00 $250,000 The direct materials price variance is:

A. $50 unfavorable C. $2,550 unfavorable B. $2,500 unfavorable D. $7,550 unfavorable AppendixLO1

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Financial Accounting

ISBN: 9780324188035

9th Edition

Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess

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Question Posted: Jul 11, 2024 09:04 AM

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The actual and standard direct materials costs for producing a specified quantity of product are as follows:

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Financial Accounting

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