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ABC Company produces widgets with a standard cost of $15 per unit. During the month, they produced 1,200 widgets at an actual cost of $8,600. What is the total cost variance for the month?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...

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ABC Company produces widgets with a standard cost of $15 per unit. During the month, they produced 1,200 widgets at an actual cost of $8,600. What is the total cost variance for the month?

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