The Porter Company has a standard cost system. In July the company purchased and used 22,500 grams of direct material at an actual cost of $52,875. The materials price variance was $1,125 favourable and the standard quantity of materials allowed for July production was 21,750 grams. The materials quantity variance was: Select one: none of these $1,800 F $1,725U. e here to search 直 。 21) acer F2 F5 F11 F12 Scr Lk

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The Porter Company has a standard cost system. In July the company purchased and
used 22,500 grams of direct material at an actual cost of $52,875. The materials price
variance was $1,125 favourable and the standard quantity of materials allowed for July
production was 21,750 grams. The materials quantity variance was:
Select one:
none of these
$1,800 F
$1,725U.
e here to search
直 。
21)
acer
F2
F5
F11
F12
Scr Lk
Transcribed Image Text:The Porter Company has a standard cost system. In July the company purchased and used 22,500 grams of direct material at an actual cost of $52,875. The materials price variance was $1,125 favourable and the standard quantity of materials allowed for July production was 21,750 grams. The materials quantity variance was: Select one: none of these $1,800 F $1,725U. e here to search 直 。 21) acer F2 F5 F11 F12 Scr Lk
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