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ABC Incorporation provides the following information for November 2018 Budgeted Production = 200 units Standard consumption of raw materials = 2 kg per unit
ABC Incorporation provides the following information for November 2018 Budgeted Production = 200 units Standard consumption of raw materials = 2 kg per unit Standard cost of raw material = $6 per kg Actual Production = 250 units Material A was purchased at $8 per kg and the consumption was 1.8 kg per unit of production. Calculate the material price variance. a. $900 Favorable b. $900 Unfavorable c. S600 Favorable d. S600 Unfavorable
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
