Hewlitt Company has gathered the following information about its purchase and use of raw materials...
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Hewlitt Company has gathered the following information about its purchase and use of raw materials for September:Standard price per kilogram of raw material $Actual purchase price per kilogram of raw material $Standard quantity allowed for actual production kilogramsActual quantity of raw materials purchased kilogramsHewlitt Company uses a standard cost system. What is the materials price variance?$ favourable$ unfavourable$ favourable$ unfavourable
Hewlitt Company has gathered the following information about its purchase and use of raw materials for September:Standard price per kilogram of raw material $Actual purchase price per kilogram of raw material $Standard quantity allowed for actual production kilogramsActual quantity of raw materials purchased kilogramsHewlitt Company uses a standard cost system. What is the materials price variance?$ favourable$ unfavourable$ favourable$ unfavourable
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