Chapter 19, Problem 6BE

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What is the amount of net sales from the transactions?

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The standard cost of Wayfarer Boots includes 4 units of direct materials at $11.50 per unit. During August, the company buys 35,000 units of direct materials at $10.80 and uses those materials to produce 8,000 units. Compute the total, price, and quantity variances for materials. Need help

The standard cost of Wayfarer Boots includes 4 units of direct materials at $11.50 per unit. During August, the company buys 35,000 units of direct materials at $10.80 and uses those materials to produce 8,000 units. Compute the total, price, and quantity variances for materials.