Solved: During september 5000 pounds of raw materials costing 175, Accounting Basics

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During september 5000 pounds of raw materials costing 175

Question - A company manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $1.50 per pound. During September 5,000 pounds of raw materials costing $1.75 per pound were used in making 2,400 weather vanes.

Determine Materials quantity variance.

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Accounting Basics: During september 5000 pounds of raw materials costing 175

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