What is the total direct material cost variance, Accounting Basics

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What is the total direct material cost variance

The standard materials cost to produce one unit of Product K is 7 pounds of material at a standard price of $32 per pound. In manufacturing 8,000 units, 54,000 pounds of material were used at a cost of $30 per pound. What is the total direct material cost variance?

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Accounting Basics: What is the total direct material cost variance

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Accounting Basics: What is the total direct material cost variance

Reference No:- TGS0705955

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Recent Questions Asked Accounting Basics

Q : What is the unit sales using the formula method

Q : Explain the fundamental control concept

Q : How much money did les originally

Q : Where is the best place for the manager to get information

Q : What is the total direct material cost variance

Q : What is the total interest expense over the life

Q : What is the payables turnover rate

Q : Develop a statement of stockholders

Q : Determine the cost of the land to be reported

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the total direct material cost variance

Reference No:- TGS0705955

Recent Questions Asked Accounting Basics

Q : What is the unit sales using the formula method

Q : Explain the fundamental control concept

Q : How much money did les originally

Q : Where is the best place for the manager to get information

Q : What is the total direct material cost variance

Q : What is the total interest expense over the life

Q : What is the payables turnover rate

Q : Develop a statement of stockholders

Q : Determine the cost of the land to be reported

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