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Kraft adopts a standard cost system, which specifies that each product uses a standard of 1 pound direct materials and direct materials' standard price is
Kraft adopts a standard cost system, which specifies that each product uses a standard of pound direct materials and direct materials' standard price is $ per pound. Kraft produced units of products in May. In that month, pounds of direct materials were purchased and used at the total cost of $ Calculate the direct materials price variance. Multiple Choice $ unfavorable $ favorable $ unfavorable $ unfavorable
Kraft adopts a standard cost system, which specifies that each product uses a standard of pound direct materials and direct materials' standard price is $ per pound. Kraft produced units of products in May. In that month, pounds of direct materials were purchased and used at the total cost of $ Calculate the direct materials price variance.
Multiple Choice
$ unfavorable
$ favorable
$ unfavorable
$ unfavorable
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