The lucy corporation purchased and used 129000 board feet, Ask an Expert

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The Lucy Corporation purchased and used 129,000 board feet of lumber in production, at a total cost of $1,548,000. Original production had been budgeted for 22,000 units with a standard material quantity of 5.7 board feet per unit and a standard price of $12 per board foot. Actual production was 23,500 units. Compute the material price variance.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9989738

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