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lai007
May 8, 2011, 07:52 AM
Fine Print Inc. incurred the following direct material costs in November 2008 for high-volume routine print jobs: Actual unit price $0.016 per sheet
Standard unit price $0.018 per sheet
Quantity purchased and used in November 490,000 sheets
Standard quantity allowed for good production 492,000 sheets

Calculate the material price variance and the material quantity variance.

Just Looking
May 8, 2011, 08:20 AM
Please read this.

Announcement: (https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html)

The place to start with this problem is to write down the formulas and fill in the numbers. If you'll do that and show your work, we can check it to make sure you are understanding. Thanks.