During the month of july jorrey purchased 25000 board feet, Ask an Expert

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Jorrey Company manufactures bookcases. Direct materials standards are 10 board feet of lumber per bookcase at a cost of $2.50 per board foot. During the month of July, Jorrey purchased 25,000 board feet of lumber at a cost of $60,000. Production during July used 21,000 board feet of lumber to manufacture 1,950 bookcases. What are the direct materials price, usage, and inventory variances?

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Accounting Basics, Accounting

Category:- Accounting Basics
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