Thurston Company's budget allows for one pound of material to be used for each unit produced The budget indicates that the material costs $2.50 per pound Actual units produced totaled B000 The company used a total of 8.200 pounds of material at an actual cost of $2.40 per pound. The material price and material quantity variances, respectively, would be O Favorable Material Price Voriance and Favorable Material Quantity Vortance Favorable Material Price Variance and Unfovorable Material Quantity Voriance O Unfavorable Material Price Voriance and Favorable Material Quantity Variance Unfavorable Material Price Voriance and Unfavorable Matertal Quantity Variance

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Thurston Company's budget allows for one pound of material to be used for each unit produced The
budget indicates that the material costs $2.50 per pound Actual units produced totaled 8,000 The company
used a total of 8,200 pounds of material at an actual cost of $2.40 per pound. The material price and
material quantity variances, respectively, would be
Favorable Material Price Voriance and Favorable Moterial Quontity Vortance
Favorable Material Price Variance and Unfovorable Material Quantity Voriance
Unfavorable Material Price Vorlance and Favorable Material Quantity Variance
O Unfavorable Material Price Voriance and Unfavorable Matertal Quantity Variance
Transcribed Image Text:Thurston Company's budget allows for one pound of material to be used for each unit produced The budget indicates that the material costs $2.50 per pound Actual units produced totaled 8,000 The company used a total of 8,200 pounds of material at an actual cost of $2.40 per pound. The material price and material quantity variances, respectively, would be Favorable Material Price Voriance and Favorable Moterial Quontity Vortance Favorable Material Price Variance and Unfovorable Material Quantity Voriance Unfavorable Material Price Vorlance and Favorable Material Quantity Variance O Unfavorable Material Price Voriance and Unfavorable Matertal Quantity Variance
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