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P 12-5: AN7-X1 A new pharmaceutical drug calls for 4.5 ounces of compound AN7-X1 per batch of 250 tablets. AN7-X) has a standard price
P 12-5: AN7-X1 A new pharmaceutical drug calls for 4.5 ounces of compound AN7-X1 per batch of 250 tablets. AN7-X) has a standard price of $2 per ounce, An initial inventory of 8,000 ounces.of.AN7:X] is purchased for $17.200. The firm produces 1.000 batches of the new drug and uses 4.600 ounces of AN7-X1 All variances are calculated as soon as possible. Required: Calculate the price and quantity variances for AN7-XI.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
15th edition
978-0133428858, 133428850, 133428702, 978-0133428704
