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

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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
Transcribed Image Text: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
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