Question
Zany Eyewear makes Frames and uses 4.5 oz. plastic per frame at a standard cost of 3.65 per oz of plastic. In April, Zany made
Zany Eyewear makes Frames and uses 4.5 oz. plastic per frame at a standard cost of 3.65 per oz of plastic. In April, Zany made 2500 frames. Zany purchased 12,000oz. of plastic at 4 oz, but only used 10,000 of plastic. What is the Material Price Variance? And what is the Material Quanity Variance?
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Auditing and Assurance Services A Systematic Approach
Authors: William Messier Jr, Steven Glover, Douglas Prawitt
10th edition
77732502, 978-0077732509
