Jordan Inc. manufactures water heaters. The company purchased 50,000 pounds of copper at a price...
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Jordan Inc. manufactures water heaters. The company purchased 50,000 pounds of copper at a price of $4 per pound. The standard price for a pound of copper was established as $4.70 per pound and the standard quantity of copper per water heater is 1.5 pounds.
How much is the materials price variance?
a) $75, 000 favorable variance
b) $75,000 unfavorable variance
$75,000 unfavorable variance
c) $35,000 unfavorable variance
d) $35,000 favorable variance
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