What is the materials quantity variance for the month
The materials standards have been established for a particular product: The data pertain to operations concerning the product for the last month. What is the materials quantity variance for the month?
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The Litton Company has established standards as follows: Direct material:3 pounds per unit @ $4 per pound = $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead.
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