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Carrington Medical manufactures medical equipment. Standard and actual data regarding one of the company's products are provided below. Standard quantity of materials: 6.40 feet per
Carrington Medical manufactures medical equipment. Standard and actual data regarding one of the company's products are provided below.
- Standard quantity of materials: 6.40 feet per product
- Standard price of materials: $9.00 per foot
- Actual production: 440 products
- Actual materials used: 2,750 feet
- Actual total materials costs incurred: $24,600
Compute the total materials variance.
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Management Information Systems Managing the Digital Firm
Authors: Kenneth C. Laudon, Jane P. Laudon
15th edition
134639715, 978-0134639710
