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:

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