Question
Bennett Enterprises purchased 72,000 gallons of direct materials during the year at a price of $2 per gallon. Bennetts direct materials price variance was $7,500
Bennett Enterprises purchased 72,000 gallons of direct materials during the year at a price of $2 per gallon. Bennetts direct materials price variance was $7,500 Favorable. Calculate the standard price per gallon of direct materials.
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
