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Standard quantity per unit of output 5.3 meters Standard price $ 19.20 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 9,300 meters Actual cost of materials purchased $188,140

Standard quantity per unit of output 5.3 meters Standard price $ 19.20 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 9,300 meters Actual cost of materials purchased $188,140

FINANCIAL ACCOUNTING
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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Standard quantity per unit of output 5.3 meters Standard price $ 19.20 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 9,300 meters $188,140 8,700 meters 1,600 units What is the materials price variance for the month? Multiple Choice $4,451 U $9,580 U $9,900 U $17,280 U
Transcribed Image Text:Standard quantity per unit of output 5.3 meters Standard price $ 19.20 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 9,300 meters $188,140 8,700 meters 1,600 units What is the materials price variance for the month? Multiple Choice $4,451 U $9,580 U $9,900 U $17,280 U
The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.3 meters $19.20 per meter The following data pertain to operations concerning the product for the last month: 9,300 meters Actual materials purchased Actual cost of materials purchased Actual materials used in production $188,140 8,700 meters Actual ou 1,600 units What is the materials price variance for the month? Multiple Choice $4,451 U $9,580 U
Transcribed Image Text:The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.3 meters $19.20 per meter The following data pertain to operations concerning the product for the last month: 9,300 meters Actual materials purchased Actual cost of materials purchased Actual materials used in production $188,140 8,700 meters Actual ou 1,600 units What is the materials price variance for the month? Multiple Choice $4,451 U $9,580 U
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