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Chapter 8 Homework Seved 2 1 points A company reports the following for one of its products. Direct materials standard (4 pounds @ $2 per
Chapter 8 Homework Seved 2 1 points A company reports the following for one of its products. Direct materials standard (4 pounds @ $2 per pound) 5 8 per unit Actual direct materials used (AQ) 300,000 pounds Actual units produced 61,000 units Actual cost of direct materials used 5 525,000 AQ = Actual Quantity SQ = Standard Quantity AP Actual Price SP - Standard Price Compute the direct materials price and quantity variances and identify each as favorable or unfavorable. eBook Hint Actual Cost Ath Standard Cost Print References
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