Home Company manufactures tables with vinyl tops. The standard material cost for the vinyl used per Type-R table is P7.80 based on six square feet of vinyl at a cost of P1.30 per square foot. A production run of 1,000 tables in January resulted in usage of 6,400 square feet of vinyl at a cost of P1.20 per square foot, at a total cost of P7,680. 31. The usage variance resulting from the above production run was

Home Company manufactures tables with vinyl tops. The standard material cost for the vinyl used per Type-R table is P7.80 based on six square feet of vinyl at a cost of P1.30 per square foot. A production run of 1,000 tables in January resulted in usage of 6,400 square feet of vinyl at a cost of P1.20 per square foot, at a total cost of P7,680. 31. The usage variance resulting from the above production run was

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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