Hiilemeyer companys standards for its hunter model include, Ask an Expert

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Hiilemeyer Company's standards for its Hunter model include 50 ounces of borolox at a cost of $6.30 per ounce. During May, the company purchased 56,000 ounces of borolox at a total cost of $351,680. The company produced 1,025 Hiilemeyer during May and used 53,500 ounces of borolox in the process. Calculate the material price variance and the material quantity variance.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9985935

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