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Calculating Material Variances
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The standard price for the Z240 electrical relay (a component used in the production of a commercial refrigeration unit) is $25. Standards call for 2 relays per unit of finished product. In July, the company purchases 100 relays for $2,600. The company used 83 relays in the production of 40...
Variances
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Can anyone tell me how do you find Price, rate, volume, and controllable variance?
Variances
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Direct materials Direct mfg. cost Cost incurred: Actual inputs times actual prices $200,000 $90,000 Actual inputs times standard prices 214,000 86,000 Standard inputs allowed for actual outputs times Standard prices 225,000 80,000 Output... View more questions Search
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