What was the company''s direct material price variance, Accounting Basics

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What was the company''s direct material price variance

Information on Fleming Company's direct material costs follows:

Actual amount of direct materials used 20,000 pounds
Actual direct material costs $40,000
Standard price of direct materials $2.10 per pound
Direct material efficiency variance--favorable $3,000

What was the company's direct material price variance?

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Accounting Basics: What was the company''s direct material price variance

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Accounting Basics: What was the company''s direct material price variance

Reference No:- TGS070105

Recent Questions Asked Accounting Basics

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