Perez, Inc. recently completed 61,000 units of a product that was expected to consume four...
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Accounting
Perez, Inc. recently completed 61,000 units of a product that was expected to consume four pounds of direct material per finished unit. The standard price of the direct material was $9.50 per pound. If the firm purchased and consumed 247,000 pounds in manufacturing (cost = $2,295,600), the direct-material quantity variance would be figured as:
Multiple Choice:
$28,500 U.
$28,500 F.
$50,900 U.
$50,900 F.
None of the answers is correct.
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