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Also need help with this one and if it is favorable, unfavorable, or neither. Ceelo Company purchased (at a cost of $12,510) and used 1,800
Also need help with this one and if it is favorable, unfavorable, or neither.
Ceelo Company purchased (at a cost of $12,510) and used 1,800 pounds of materials during May. Ceelo's standard cost of materials per unit produced is based on 1 pounds per unit at a cost $7.00 per pound. Production in May was 1,720 units. Compute the total, price, and quantity variances for materials. (Round answers to 0 decimal places, e.g. 125.)Step by Step Solution
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