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Company G has the following standard for direct materials that has been established for a company bases on machine hours Standard quantity per unit of
Company G has the following standard for direct materials that has been established for a company bases on machine hours
Standard quantity per unit of output 2.2 pound
Standard price $2 per pound
Last month:
Actual output 3,000 units
Actual pound used 6,270 pounds
Actual cost of pounds purchased $13,490
Actual number of pounds purchased 7,100 pounds
What is the material quantity variance?
What is the material price varience?
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