The porter company has a standard cost system. in july the, Ask an Expert

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The Porter Company has a standard cost system. In July the company purchased and used 22,500 pounds of direct material at an actual cost of $53,000; the materials quantity variance was $1,875 Unfavorable; and the standard quantity of materials allowed for July production was 21,750 pounds. what was the materials price variance for July ?

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Accounting Basics, Accounting

Category:- Accounting Basics
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