The following materials standards have been established for a particular product: Standard quantity per unit...
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Accounting
The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.7 pounds $13.50 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 5, 250 pounds $63,180 4,750 pounds 730 units The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month
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