A company uses 8200 pounds of materials and exceeds the standard quantity by 400 pounds. The quantity variance is $1500 unfavorable. What is the standard materials price? O $3.75- O Cannot be determined from the data provided. O $1.25 O $2.50

A company uses 8200 pounds of materials and exceeds the standard quantity by 400 pounds. The quantity variance is $1500 unfavorable. What is the standard materials price? O $3.75- O Cannot be determined from the data provided. O $1.25 O $2.50

Name: Please Provide Right Answer Full detail Thank you A company uses 8200
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Description: Please Provide Right Answer Full detail Thank you A company uses 8200 pounds of materials and exceeds the standard quantity by 400 pounds. The quantity variance is $1500unfavorable. What is the standard materials price?O $3.75-O Cannot be determined

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 5PA: Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but...

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