Question
Mid-city products Inc., developed standard costs for direct material. Budgeted quantity Budgeted price 2 pounds $2.30 per pound During September Mid -City produced and sold
Mid-city products Inc., developed standard costs for direct material.
Budgeted quantity Budgeted price
2 pounds $2.30 per pound
During September Mid -City produced and sold 1,000 units using 2,200 of direct materials at an average cost per pound of $2.00.
The direct material efficiency variance during September is? and is it favorable or unfavorable?
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Intermediate Accounting IFRS Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
2nd Edition
1118443969, 978-1118443965
