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Amazjng Manipulation Manufacturing standards anticipates there will be 2 pounds of raw materials used for every unti of finished goods produced. AMM began the month
Amazjng Manipulation Manufacturing standards anticipates there will be 2 pounds of raw materials used for every unti of finished goods produced. AMM began the month of May 8,000 pounds of raw material, purchased 12,100 pounds for 9,800 and ended the month with 6,500 pounds on hand.
The company produced 5,900 units of finished goods. The company esitimates standard cost of $1.10 per pound. The Materials price and efficiency variances for the month of May were as follows
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