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The following information is available for Bonita's Chocolates: Actual production 2,750 boxes Budgeted production 3,450 boxes Direct Materials Standard Actual 4 pounds of chocolate
The following information is available for Bonita's Chocolates: Actual production 2,750 boxes Budgeted production 3,450 boxes Direct Materials Standard Actual 4 pounds of chocolate per box @ $6.00 per pound 9,300 pounds purchased @ $6.10 per pound 9,800 pounds used (a) Calculate the direct materials price and quantity variances. Direct material price variance Direct material quantity variance LA $
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1 Direct Material Price Variance The direct material price variance is calculated using the formula ...
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Introduction to Accounting An Integrated Approach
Authors: Penne Ainsworth, Dan Deines
6th edition
78136601, 978-0078136603
