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The True Company produces a part with a standard of 5 yds. of material per unit. The standard price of one yard of material is $8.50. During the month, 8,800 parts were manufactured, using 45,700 yards of material at a cost of $8.30.

Required:Determine the (a) price variance, (b) quantity variance, and (c) cost variance

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9967584

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