Question
Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter
Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter paid $66,100 for 2,475 pounds, which they used to produce 2,350 units. What is the direct materials price variance?
-$6,300 unfavorable
-$1,750 unfavorable
-$5,000 unfavorable
-$1,300 favorable
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CPA Excel Auditing And Attestation
Authors: Robert A. Prentice
1st Edition
0977165876, 978-0977165872
