Cib inc produces a product requiring 4 pounds of material, Ask an Expert

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CIB Inc. produces a product requiring 4 pounds of material costing $2.50 per pound. During December, CIB purchased 4,200 pounds of material for $10,080 and used the material to produce 500 products. What was the materials price variance for December?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9969980

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