Question
Keegan Inc. budgeted 10,500 pounds of direct materials costing $18.00 per pound to make 4900 units of product. The company actually purchased 10,600 pounds of
Keegan Inc. budgeted 10,500 pounds of direct materials costing $18.00 per pound to make 4900 units of product. The company actually purchased 10,600 pounds of direct materials costing $27.50 per pound to make the 4900 units. What is the direct materials price variance?
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Introduction to Accounting An Integrated Approach
Authors: Penne Ainsworth, Dan Deines
6th edition
78136601, 978-0078136603
