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Standard quantity of materials per unit

An automobile parts company has a standard material price of $2 per pound. In October the company produced 4,500 units using 6,000 pounds of material. The company experienced favorable materials quantity variance of $1,200. How much is the standard quantity of materials per unit produced?

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Finance Basics: Standard quantity of materials per unit

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Standard quantity of materials per unit

Reference No:- TGS0559018

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Estimate cash flows associated with project

Q : Discuss on the Milpitas Finance Company

Q : What is mary-marks depreciation deduction with respect

Q : What is the maximum amount of depreciation that kerri may

Q : Standard quantity of materials per unit

Q : Explain project-s irr independent of firm-s cost of capital

Q : Why subjective judgment is often used for projects

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Standard quantity of materials per unit

Reference No:- TGS0559018

Recent Questions Asked Finance Basics

Q : Estimate cash flows associated with project

Q : Discuss on the Milpitas Finance Company

Q : What is mary-marks depreciation deduction with respect

Q : What is the maximum amount of depreciation that kerri may

Q : Standard quantity of materials per unit

Q : Explain project-s irr independent of firm-s cost of capital

Q : Why subjective judgment is often used for projects

Q : Explain the carrying value of the outstanding carlin

Q : Is it important to consider additions to net working capital

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