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Accounting

Problem:

The standard cost of product 777 includes 2.20 units of direct materials at $5.80 per unit. During August, the company bought 28,500 units of materials at $5.92 and used those materials to produce 13,200 units.

Required:

Question: Compute the total, price, and quantity variances for materials.

Note: Explain all calculation and formulas.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91163545

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