What is the cost of materials, Accounting Basics

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What is the cost of materials

The following materials standards have been established for a particular product: Standard quantity per unit of output 5.1 grams Standard price $11.95 per gram The following data pertain to operations concerning the product for the last month: Actual materials purchased 6,800 grams Actual cost of materials purchased $86,360 Actual materials used in production 6,300 grams Actual output 1,000 units What is the materials quantity variance for the month? a. $15,240 U b. $6,350 U c. $14,340 U d. $5,975 U.

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Accounting Basics: What is the cost of materials

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Accounting Basics: What is the cost of materials

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Recent Questions Asked Accounting Basics

Q : Identify whether item appear balance sheet-income statement

Q : Wrote off the jolene halaam account

Q : Indicate which statement examine to find income statement

Q : Dupont decomposition of lucent roe

Q : What is the cost of materials

Q : What is the amount of company-s total assets

Q : Revaluing the chinese yuan

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the cost of materials

Reference No:- TGS0556014

Recent Questions Asked Accounting Basics

Q : Identify whether item appear balance sheet-income statement

Q : Wrote off the jolene halaam account

Q : Indicate which statement examine to find income statement

Q : Dupont decomposition of lucent roe

Q : What is the cost of materials

Q : What is the amount of company-s total assets

Q : Revaluing the chinese yuan

Q : Indicate whether items is asset-part of stockholder-s equity

Q : Capital budget for the hot new café

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