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Please show the work. I tried to work it out and got it wrong. The following materials standards have been established for a particular product:
Please show the work. I tried to work it out and got it wrong.
The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.3 meters $ 19.20 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 9,300 meters $188, 140 8,700 meters 1,600 units What is the materials price variance for the monthStep by Step Solution
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