Question
The Porter Company has a standard cost system. In July the company purchased and used 23,400 pounds of direct material at an actual cost of
The Porter Company has a standard cost system. In July the company purchased and used 23,400 pounds of direct material at an actual cost of $68,000; the materials quantity variance was $3,255 Unfavorable; and the standard quantity of materials allowed for July production was 22,350 pounds. The materials price variance for July was:
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Financial Accounting
Authors: Karen Bird, Gene Imhoff
5th Edition
0984200568, 978-0984200566
