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BE25-4 Neville Company's standard materials cost per unit of output is $10 (2 pounds x $5)

BE25-4 Neville Company's standard materials cost per unit of output is $10 (2 pounds x $5)
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ACCOUNTING

Financial Accounting

BE25-4 Neville Company's standard materials cost per unit of output is $10 (2 pounds x $5). During July, the company purchases and uses 3,200 pounds of materials costing $16,160 in making 1,500 units of finished product.

Compute the total, price, and quantity materials variances.
Total materials variance $ FavorableUnfavorable
Materials price variance $ UnfavorableFavorable
Materials quantity variance

 

FILE: MS WORD

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