Question
Joiner Corporation recently purchased 26,000 gallons of direct material at $5.70 per gallon. Usage by the end of the period amounted to 24,000 gallons. If
Joiner Corporation recently purchased 26,000 gallons of direct material at $5.70 per gallon. Usage by the end of the period amounted to 24,000 gallons. If the standard cost is $6.10 per gallon and the company believes in computing variances at the earliest point possible, the direct-material price variance would be calculated as:
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Principles Of Financial Accounting
Authors: Kermit Larson, John Wild
20th Edition
77338235, 978-0077619442
