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Other Fields Homework Help Accounting Topic started by: cacerami on Feb 5, 2023



Title: Wolfe Manufacturing Company's standards are set at one gallon of liquid for each unit of production ...
Post by: cacerami on Feb 5, 2023
Wolfe Manufacturing Company's standards are set at one gallon of liquid for each unit of production at a cost of $2.10 per gallon. Actual production was 50,000 units using 45,000 gallons of liquid at a cost of $2.20 per gallon.

Required:

a.Calculate the direct material price variance.
b.Calculate the direct material quantity variance.


Title: Wolfe Manufacturing Company's standards are set at one gallon of liquid for each unit of production ...
Post by: starikovs on Feb 5, 2023
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