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Materials variances working backwards
[ 2 Answers ]
I have been going over this problem for hours with nothing coming up right. A company maintains no inventories and this is the data on one of its products that it has collected. Direct materials standard (4lbs @$1/lb) which comes to $4/unit. Total direct materials cost variance-unfavorable...
Need Formula for Material Variances-Working Backwards
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HERE IS THE PROBLEM AND THE ANSWER. I AM HAVING TROUBLE DETERMINE WHAT FORMULA WAS USED, IF ANY, AND UNDERSTANDING THE CONCEPT. Here is the problem Material Variances---Working Backwards Joseph Company's direct materials costs are as follows: Standard price per pound of direct... View more questions Search
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