Solved: Exeter paid 66100 for 2475 pounds which they used to, Accounting Basics

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Exeter paid 66100 for 2475 pounds which they used to

Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter paid $66,100 for 2,475 pounds, which they used to produce 2,350 units. What is the direct materials price variance?

a. $6,300 unfavorable
b. $1,750 unfavorable
c. $1,300 favorable
d. $5,000 unfavorable

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Accounting Basics: Exeter paid 66100 for 2475 pounds which they used to

Reference No:- TGS02557795

Now Priced at $10 (50% Discount)

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Accounting Basics: Exeter paid 66100 for 2475 pounds which they used to

Reference No:- TGS02557795

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