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During March, Grouper, Inc. purchases and uses 9,500 pounds of materials costing $38,475 to make 4,300 tiles. Groupers standard material cost per tile is $8.00
During March, Grouper, Inc. purchases and uses 9,500 pounds of materials costing $38,475 to make 4,300 tiles. Groupers standard material cost per tile is $8.00 (2 pounds of material $4.00). Compute the total, price, and quantity material variances for Grouper, Inc. for March. Identify whether each variance is favorable or unfavorable.
Find the following:
Total Materials Variance:
Materials Price Variance:
Materials Quantity Variance:
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