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A manufacturer planned to produce 5,000 units of its single product during November. The standard specifications for one unit include ten pounds of materials at
A manufacturer planned to produce 5,000 units of its single product during November. The standard specifications for one unit include ten pounds of materials at $.50 per pound. Actual production in November was 5,200 units. The accountant computed a favorable materials purchase price variance of $580 and an unfavorable materials quantity variance of $320. Based on these variances, one could conclude that More materials were purchased than were used. A. B. O C D. More materials were used than were purchased. ndard cost. The actual usage of materials was less than the standard allowed
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