ADVANCED ACCOUNTING >CUSTOM<
ADVANCED ACCOUNTING >CUSTOM<
14th Edition
ISBN: 9781265537012
Author: Hoyle
Publisher: MCG CUSTOM
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Chapter 12, Problem 13P
To determine

Identify the correct option for the definition of letter of comments.

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The following data pertains to the direct materials cost for the month of October: Standard costs: 5,000 units allowed at $20 each Actual costs: 5,050 units input at $19 each What is the direct materials efficiency (quantity) variance? a. $950 favorable b. $950 unfavorable c. $1,000 favorable d. $1,000 unfavorable e. $50 unfavorable
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