Edgar inc has a materials price standard of 200 per pound, Ask an Expert

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Edgar, Inc. has a materials price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6,000 pounds, although the standard quantity allowed for the output was 5,400 pounds.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9959951

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