Question
The following Materials Standards have been established for a particular product: Standard Quantity per unit of output 5.6 meters Standard Price 18.20 per meter The
The following Materials Standards have been established for a particular product:
Standard Quantity per unit of output 5.6 meters
Standard Price 18.20 per meter
The following data pertain to operations concerning the product for the last month:
Actual Materials Purchased 9000 meters
Actual cost of materials purchased $170,550
Actual materials used in production 8600 meters
Actual output 1500 units
What is the materials price variance for the month?
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Financial Accounting For Management
Authors: Paresh Shah
2nd Edition
0198077033, 978-0198077039
