Henrys is a chain of 45 coffee shops. the standard amount, Ask an Expert

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Henry's is a chain of 45 coffee shops. The standard amount of ground coffee per cup is .75 ounces. During the month of October, the company sold 320,000 cups of coffee (reported via electronic cash registers), and the 45 shops reported using 15,800 pounds of coffee.

Also during October, the company purchased 18,000 pounds of coffee at a cost of $280,700. The standard price per pound is $14.
Compute material price and quantity variances.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9279807

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