Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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What are the direct materials price variance?

Summerlin Company budgeted 4,100
pounds of material costing $7.60 per
pound to produce 2,000 units. The
company actually used 5,350 pounds
which cost $8.25 per pound to produce
2,000 units.
What are the direct materials price
variance?
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Transcribed Image Text:Summerlin Company budgeted 4,100 pounds of material costing $7.60 per pound to produce 2,000 units. The company actually used 5,350 pounds which cost $8.25 per pound to produce 2,000 units. What are the direct materials price variance?
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