Mitchell Products manufactures faux boulders to be used in various landscaping applications. A special resin...
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Mitchell Products manufactures faux boulders to be used in various landscaping applications. A special resin is used to make the boulders. The standard quantity of resin used for each boulder is pounds. Mitchell Products uses a standard cost of $ per pound for the resin. The company produced boulders in June. In that month, pounds of resin were purchased at a total cost of $ A total of pounds were used in producing the boulders in June.Requirements Calculate the direct material price variance.Calculate the direct material quantity variance.
Mitchell Products manufactures faux boulders to be used in various landscaping applications. A special resin is used to make the boulders. The standard quantity of resin used for each boulder is pounds. Mitchell Products uses a standard cost of $ per pound for the resin. The company produced boulders in June. In that month, pounds of resin were purchased at a total cost of $ A total of pounds were used in producing the boulders in June.Requirements Calculate the direct material price variance.Calculate the direct material quantity variance.
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