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Befuddled Befuddled
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A year ago
Amos, Inc. uses a standard cost system in which direct materials are carried at standard cost. Standards for one unit of product are: standard quantity of 8-1/2 gallons and standard price $1.85 per gallon. During March, Amos purchased 150,000 gallons of direct materials at a cost of $300,000 and used 150,500 gallons in production of 18,000 units.

Required:

Calculate the direct materials price and quantity variances and indicate whether each variance is favorable or unfavorable.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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ricyoungricyoung
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Befuddled Author
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A year ago
Helped a lot
GeorgeNeist
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
Kstan109
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Just got PERFECT on my quiz
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