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cacerami cacerami
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2 years ago
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.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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starikovsstarikovs
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