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Table Manufacturing Company produce one style of tables. The following data pertain to producing one table....

Table Manufacturing Company produce one style of tables. The following data pertain to producing one table.

Planned production per month:

Units (one table) = 100

Piece of Woods = 20

Estimate M price = $30

Actual production

Quantity purchased (QP) = 18

Actual Price (AP) = $34

The calculated material quantity (volume) variance is:

a. 72 Favorable

b. 72 Unfavorable

c. 60 Favorable

d. 60 Unfavorable

e. 12 Favorable

f. 12 Unfavorable

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Homework Answers

Answer #1

Materials Quantity Variance

= (SQ-AQ) * SP

= (20 - 18)* 30

= 2 * 30

= 60 Favourable

Option C

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