Principles of Auditing & Other Assurance Services (Irwin Accounting)
Principles of Auditing & Other Assurance Services (Irwin Accounting)
20th Edition
ISBN: 9780077729141
Author: Ray Whittington, Kurt Pany
Publisher: McGraw-Hill Education
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Chapter 16, Problem 36FOQ

The aggregated misstatement in the financial statements is made up of:

Chapter 16, Problem 36FOQ, The aggregated misstatement in the financial statements is made up of:

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XUV Industries manufactures premium-quality glassware. The standard materials cost is 3 pounds of raw glass at $2.00 per pound. During October, 15,000 pounds of raw glass costing $2.10 per pound were used to produce 6,000 glassware items. Determine the materials price variance and materials quantity variance.
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Principles of Auditing & Other Assurance Services (Irwin Accounting)

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