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Q1) A dress company has following standards to make one dress:

  Standard Quantity Standard Price
Direct materials 3 yards per unit $6.50 per yard
Direct labor 1.5 hours per unit $8.00 per hour

Company used 8,000 yards of material to make 2,500 dresses in April. Direct materials quantity variance is?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M921452

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