Homework Answers
Standard price = $5
Actual price = $4
Actual quantity = 99,000 pounds
Direct material price variance = 99,000 ($5 - $4) = $99,000 Favourable
1st option.
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QUESTION 29 Using the standard costs of $5 per pound for a 10 pound bag of...
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Enter a favorable variance as a negative number using a minus sign
and an unfavorable variance as a positive number.
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