Gipple Corporation makes a product that uses a material with the quantity standard of 7.3...
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Accounting
Gipple Corporation makes a product that uses a material with the quantity standard of 7.3 grams per unit of output and the price standard of $6.00 per gram. In January the company produced 3,400 units using 24,870 grams of the direct material. During the month the company purchased 27,400 grams of the direct material at $6.10 per gram.The materials price variance for January is:
Group of answer choices
$2,740 F
$2,482 U
$2,740 U
$2,482 F
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