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Compute the total variances for materials

Question:

The standard cost of product 999 includes 2 units of direct materials at $6.00 per unit. During August, the company bought 29,000 units of materials at $6.20 and used those materials to produce 15,000 units. Compute the total, price, and quantity variances for materials.

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Accounting Basics: Compute the total variances for materials

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