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Ceelo Company purchased (at a cost of $17,810) and used 2,600 pounds of materials during May. Ceelo's standard cost of materials per unit produced is
Ceelo Company purchased (at a cost of $17,810) and used 2,600 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 2,550 units. (a) Compute the total, price, and quantity variances for materials. (Round answers to O decimal places, e.g. 125.) Total Materials Variance Materials Price Variance Materials Quantity Variance
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