Use the following to answer questions 43-45: Stiner Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5,000 pounds, although the standard quantity allowed for the output was 4,500 pounds. Stiner Company's total materials variance is Stiner Company's materials price variance is 11. Stiner Company's materials quantity variance is

Use the following to answer questions 43-45: Stiner Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5,000 pounds, although the standard quantity allowed for the output was 4,500 pounds. Stiner Company's total materials variance is Stiner Company's materials price variance is 11. Stiner Company's materials quantity variance is

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Description: Please do not give solution in image format thanku Use the following to answer questions 43-45:Stiner Company has a materials price standard of $2.00 per pound. Five thousand pounds ofmaterials were purchased at $2.20 a pound. The actual quantity of

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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