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CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Problem 11-2 Your answer is partially correct. Try aga

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Answer #1

Materials Price Variance = (SP-AP) *AQ

= (2.40 - 12760/5800) * 5800

= 1160 Favourable (No minus sign needed)

.

Materials Quantity Variance = (SQ-AQ) * SP

= (1800*2.60 - 4600)*2.40

= 192 Favourable

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