For the month of may what was rexs direct materials price, Ask an Expert

Accounting

Information on Rex Co.'s direct material costs for May follows:

Actual quantity of direct materials purchased and used = 30,000 pounds
Actual cost of direct materials = $84,000
Unfavorable direct materials quantity variance = $3,000
Standard quantity of direct materials allowed for May production = 29,000 pounds

For the month of May, what was Rex's direct materials price variance?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M973178

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