Gipple Corporation makes a product that uses a material with a quantity standard of 9.1 g per unit of output and the price standard of $7.80 per gram in January. The company produced 5200 units using 26,670 g of direct materialduring the month the company purchased 29, 200 g of direct material at $7.90 per gram. The direct material purchases variance is computed when the materials are purchased the materials price variance for January is.
Gipple Corporation makes a product that uses a material with a quantity standard of 9.1 g per unit of output and the price standard of $7.80 per gram in January. The company produced 5200 units using 26,670 g of direct materialduring the month the company purchased 29, 200 g of direct material at $7.90 per gram. The direct material purchases variance is computed when the materials are purchased the materials price variance for January is.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Gipple Corporation makes a product that uses a material with a quantity standard of 9.1 g per unit of output and the price
standard of $7.80 per gram in January. The company produced 5200 units using 26,670 g of direct materialduring the month the
company purchased 29, 200 g of direct material at $7.90 per gram. The direct material purchases variance is computed when the
materials are purchased the materials price variance for January is.
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