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During the most recent month, the following activity was recorded: a . Thirteen thousand six hundred pounds of material were purchased at a cost of
During the most recent month, the following activity was recorded: a Thirteen thousand six hundred pounds of material were purchased at a cost of $ per pound. b The company produced only units, using pounds of material. The rest of the material purchased remained in raw materials inventory. c hours of direct labor time were recorded at a total labor cost of $ Required: Compute the materials price and quantity variances for the month. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values. Answer is complete but not entirely correct.
During the most recent month, the following activity was recorded:
a Thirteen thousand six hundred pounds of material were purchased at a cost of $ per pound.
b The company produced only units, using pounds of material. The rest of the material purchased remained in raw
materials inventory.
c hours of direct labor time were recorded at a total labor cost of $
Required:
Compute the materials price and quantity variances for the month. Indicate the effect of each variance by selecting F for
favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values.
Answer is complete but not entirely correct.
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