Riley Company provides the following information for Material A: Actual quantity purchased and used 6,500...
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Accounting
Riley Company provides the following information for Material A:
Actual quantity purchased and used 6,500 lbs.
Standard quantity allowed 6,000 lbs.
Actual price $3.80
Standard price $4.00
A. What was the direct material quantity variance for Material A?
B. What was the direct material price variance for Material A?
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