It typically takes 15 pounds of oranges to make 1 gallon of fresh squeezed orange...
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Accounting
It typically takes 15 pounds of oranges to make 1 gallon of fresh squeezed orange juice and oranges are expected to cost $0.10 a pound. If OJ Company makes 1,000 gallons of OJ and pays $1,700 for 16,000 pounds of oranges, what are the total materials variance, material price variance, and material quantity variance?
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