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Neville Company's standard materials cost per unit of output is $10 (2 pounds $5). During July, the company purchases and uses 3,800 pounds of materials
Neville Company's standard materials cost per unit of output is $10 (2 pounds $5). During July, the company purchases and uses 3,800 pounds of materials costing $19,570 in making 1,530 units of finished product. Compute the total, price, and quantity materials variances. Total materials variance...........$ Unfavorable Materials price variance...........$ Unfavorable Materials quantity variance........$ Unfavorable
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