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Concord Company's standard materials cost per unit of output is $10.25 (2.50 pounds x $4.10). During July, the company purchases and uses 2,400 pounds
Concord Company's standard materials cost per unit of output is $10.25 (2.50 pounds x $4.10). During July, the company purchases and uses 2,400 pounds of materials costing $12,720 in making 1.200 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to 0 decimal places, e.g. 52.) Total materials variance $ Materials price variance $ 10 Materials quantity variance $
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