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Simba Companys standard materials cost per unit of output is $9.45 (2.10 pounds x $4.50). During July, the company purchases and uses 3,234 pounds of
Simba Companys standard materials cost per unit of output is $9.45 (2.10 pounds x $4.50). During July, the company purchases and uses 3,234 pounds of materials costing $17,464 in making 1,400 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.)
Simba Company's standard materials cost per unit of output is $9.45 (2.10 pounds x $4.50) During July, the company purchases and uses 3,234 pounds of materials costing $17A64 in making 1 400 units of finished product Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) Total materials variance Materials price variance Materials quantity varianceStep by Step Solution
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