What is the material purchase price variance, Accounting Basics

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What is the material purchase price variance

ortes Co. uses the following per unit standards in the production of its only product:

Direct material - 18 pounds at $24 per pound
Direct labor - 6 hours at $36 per hour

During March company records showed the following:
Material Purchases - 12,000 pounds at a total cost of $264,000
Materials Used - 14,000 pounds
Direct Labor Hours - 4,700 Hours at $37.00 per hour
Units Produced - 750 Units

what is the material purchase price variance ?

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Accounting Basics: What is the material purchase price variance

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Accounting Basics: What is the material purchase price variance

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Accounting Basics: What is the material purchase price variance

Reference No:- TGS0101091

Recent Questions Asked Accounting Basics

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