Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Transcribed Image Text:Quantile Corporation has the following standards for its direct
materials:
Standard Cost: $3.80 per pound
Standard Quantity: 6.00 pounds per product
During the most recent month, the company purchased and
used 33,900 pounds of material in manufacturing 5,600
products, at a total cost of $131,900. Compute the materials
quantity variance.
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