A total of 6,850 kilograms of a raw material was purchased at a total cost of P21,920. The material price variance was P1,370 favorable. The standard price per kilogram for the raw material must be:
A total of 6,850 kilograms of a raw material was purchased at a total cost of P21,920. The material price variance was P1,370 favorable. The standard price per kilogram for the raw material must be:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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D. 3.40
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