Question
During the month of March, Rexelegg purchased 25,000 pounds of flour at $2 per pound. At the end of March, Rexelegg found that it had
During the month of March, Rexelegg purchased 25,000 pounds of flour at $2 per pound. At the end of March, Rexelegg found that it had an unfavorable materials price variance of $750. The standard cost per pound must be:
a.$0.60.
b.$1.97.
c.$0.80.
d.$0.71.
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Financial Accounting
Authors: Thomas Dyckman, Robert Magee, Glenn Pfeiffer
3rd Edition
1934319600, 978-1934319604
