Question
Consider the following information: Actual cost of direct material purchased and used: $10,000 Standard price of direct material: $0.2 per gallon Direct-material price variance: $6,022
Consider the following information:
Actual cost of direct material purchased and used: $10,000
Standard price of direct material: $0.2 per gallon
Direct-material price variance: $6,022 F
How many gallons of direct material were purchased and used?
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Cornerstones of Financial and Managerial Accounting
Authors: Rich Jones, Mowen, Hansen, Heitger
1st Edition
9780538751292, 324787359, 538751290, 978-0324787351
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