Grffiths company planned to make 500000 cans of pasta sauce, Ask an Expert

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Grffiths Company planned to make 500,000 cans of pasta sauce and spend $250,000 on tomatoes during November. However, demand was weak due to increased competition, and only 450,000 cans of pasta sauce were produced. The actual cost incurred was $230,000. Tomato prices were as expected during the period. Which of the statements would be a fair statement regarding Grffiths' performance on tomato usage?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9985685

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