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Calculate Materials Price Variance and Materials Quantity Variance The following materials standards have been established for a particular product: The following data pertain to operations

Calculate Materials Price Variance and Materials Quantity Variance

The following materials standards have been established for a particular product:

The following data pertain to operations concerning the product for the last month:

The direct materials purchases variance is computed when the materials are purchased.

4.4 grams $12.00 per grams Standard price

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