Question
The Porter Company has a standard cost system. In July the company purchased and used 22,800 pounds of direct material at an actual cost of
The Porter Company has a standard cost system. In July the company purchased and used 22,800 pounds of direct material at an actual cost of $53,200; the materials quantity variance was $1,875 Unfavorable; and the standard quantity of materials allowed for July production was 22,050 pounds. The materials price variance for July was:
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Managerial Accounting Information For Decisions
Authors: Thomas L. Albright , Robert W. Ingram, John S. Hill
4th Edition
0324222432, 978-0324222432
