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Exercise 23-15 Urban Corporation prepared the following variance report. Fill in the missing amounts or letters in the report. (Round actual and standard price answers
Exercise 23-15 Urban Corporation prepared the following variance report. Fill in the missing amounts or letters in the report. (Round actual and standard price answers to 2 decimal places, e.g. 2.75.) URBAN CORPORATION Purchasing Department Variance Report- For Week Ended January 9, 2017 Actual Price Standard Price Type of Quantity Purchased Price Variance Materials Rogue11 Storm17 Explanation $5.25 lbs. $5.05 $5,320 Price increase 4,500 oz.S $3.22 $810 Unfavorable Rush order 22,000 units $440 Favorable Bought larger quantity Beast29 $0.45
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