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Table Manufacturing Company produces one style of tables. the following data pertain to producing one table Planned production/month ? units (one table) 50 Piece of

Table Manufacturing Company produces one style of tables.

the following data pertain to producing one table

Planned production/month

?

units (one table)

50

Piece of woods (M)

20

Estimated M price

$20

Actual production

?

Quantity purchased (QP) from M

19

Actual price (AP)

$21

Material?volume (efficiency)?variance?

?

$19, Favorable

$19, Unfavorable

$20, Favorable

$20, Unfavorable

Given: Total direct material variance $200 favorable (F), Direct material price variance $900 unfavorable (UF), Standard price $10 Standard quantities 750 Find actual price

1.

Less than $10

2.

Between $10 and $10.50

3.

Between $11.00 and $11.50

4.

More than $12.00

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