What is the price variance-quantity variance, Accounting Basics

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What is the price variance-quantity variance

The standard cost of product X includes 2 units of direct materials @ $6/unit. During october, the company bough 29,000 units of materials @ $6.20/unit and used those materials to produce 15,000 units. what is the total material variance? what is the price variance? what is the quantity variance?

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Accounting Basics: What is the price variance-quantity variance

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Accounting Basics: What is the price variance-quantity variance

Reference No:- TGS051412

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the price variance-quantity variance

Reference No:- TGS051412

Recent Questions Asked Accounting Basics

Q : Amount of interest expense reported

Q : What is the impact on the market for new cars

Q : Dialogue and descriptive writing influence

Q : What are the relative advantages of using the histology

Q : What is the price variance-quantity variance

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