Question
The Porter Company has a standard cost system. In July the company purchased and used 22,500 grams of direct material at an actual cost of
The Porter Company has a standard cost system. In July the company purchased and used 22,500 grams of direct material at an actual cost of $52,875; the materials price variance was $1,125 Favorable, and the standard quantity of materials allowed for July production was 21,750 grams. The materials quantity variance was:
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Understanding Financial Accounting
Authors: Christopher D. Burnley
2nd Canadian Edition
1119406927, 978-1119406921
