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Hugo Furniture Company makes children's toys. The following materials standards have been established for their most popular wooden train sets: Standard quantity per train set:
Hugo Furniture Company makes children's toys. The following materials standards have been established for their most popular wooden train sets: Standard quantity per train set: 3.2 board feet. Standard price of material: $15.00 per board foot. The following data pertain to operations concerning the product for the last month: Beginning Materials Inventory: 500 board feet Ending Materials Inventory: 900 board feet Actual materials used in production: 5,100 board feet Actual output: 1,600 units The purchase price variance for the month: 228 favorable Q: What was the actual cost of the materials purchased
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