A company purchases 10000 pounds of materials. The materials price variance is $6000 favorable. What...
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Accounting
A company purchases 10000 pounds of materials. The materials price variance is $6000 favorable. What is the difference between the standard and actual price paid for the materials?
$1.67
Cannot be determined from the data provided
$0.60
$1.00
2. If the materials price variance is $3900 F and the materials quantity and labor variances are each $3300 U, what is the total materials variance?
$4200 U
$3900 F
$600 F
$3300 U
3. A company purchases 11000 pounds of materials. The materials price variance is $5500 favorable. What is the difference between the standard and actual price paid for the materials?
$2.00
$5.50
$0.50
$1.00
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