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Matt Company uses a standard cost system. Information for raw materials for Product RBI for the month of October follows: Standard price per pound of
Matt Company uses a standard cost system. Information for raw materials for Product RBI for the month of October follows: Standard price per pound of raw materials.... Actual purchase price per pound of raw materials..S1.55 Actual quantity of raw materials purchased.. Actual quantity of raw materials used Standard quantity allowed for actual production1,800 pounds 2,000 pounds 1,900 pounds .. What is the materials price variance? A) S90 favorable B) S90 unfavorable C) S100 favorable D) none of the above
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