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Please answer question, having a hard time.Thank you! The standard cost of Product B manufactured by Pharrell Company includes 2.0 units of direct materials at
Please answer question, having a hard time.Thank you!
The standard cost of Product B manufactured by Pharrell Company includes 2.0 units of direct materials at S6.9 per unit. During June, 27, 500 units of direct materials are purchased at a cost of S6.85 per unit, and 27, 500 units of direct materials are used to produce 13, 700 units of Product B. Compute the total materials variance and the price and quantity variances. Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.95 and the quantity purchased and used is 26, 500 unitsStep by Step Solution
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