(Answered) Question - materials variances north wind manufactures

Accounting

Question - Materials Variances

North Wind manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $1.50 per pound. During September 5,000 pounds of raw materials costing $1.75 per pound were used in making 2,400 weather vanes.

Required - Determine the materials price and quantity variance.

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