1. Twelve thousand pounds of material were purchased at a cost of $2.90 per pound....
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Accounting
1. Twelve thousand pounds of material were purchased at a cost of $2.90 per pound. 2. The company produced only 1,200 units, using 10,800 pounds of material. (The rest of the material purchated remained in nuw materials inventory. 3. 580 hours of direct labor time were recorded at a total laber cont of $8,900. Compute the materials price and quantity variances for the month
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