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Exercise 8-6 Computing Materials Variances D-List Calendar Co. specializes in manufacturing calendars that...

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Accounting

Exercise 8-6
Computing Materials Variances
D-List Calendar Co. specializes in manufacturing calendars that depict obscure comedians. The company uses a standard cost system to control its costs. During one month of operations, the direct materials costs and the quantities of paper used showed the following:
Actual purchase price. q, $.175 per page
Standard quantity allowed for production q,170,000 pages
Actual quantity purchased during month q,200,000 pages
Actual quantity used during month. q,185,000 pages
Standard price per page. q, $.17 per page
Calculate the following:
Use "F" and "U" to designate favorable and unfavorable variances. Enter all amounts as positive numbers.
Total cost of purchases for the month
$ QUESTION 4
Materials purchase price variance
$ QUESTION 5
Materials quantity varianci $ QUESTION 6
Net materials variance QUESTION 7
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