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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 Variance Report-Purchasing Department For Week Ended January 9, 2017 Quantity Purchased Actual Price Type of Standard Price Price Variance Materials Rogue11 Storm17 Beast29 Explanation lbs $5.15 $5.05 $2,870 Price increase 7,000 oz. $3.22 $910 Unfavorable Rush order 21,700 units $0.35 $434 Favorable Bought larger quantity Click if you would like to Show Work for this question: Open Show Work
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