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Please show all work Gipple Corporation makes a product that uses a material with the quantity standard of 7.3 grams per unit of output and
Please show all work
Gipple Corporation makes a product that uses a material with the quantity standard of 7.3 grams per unit of output and the price standard of $6.00 per gram. In January the company produced 3,400 units using 24,870 grams of the direct material. During the month the company purchased 27,400 grams of the direct material at $6.10 per gram. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for January is: The materials price variance for January isStep by Step Solution
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