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cacerami cacerami
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7 months 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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7 months ago
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More solutions for this book are available here
a.($2.10 - $2.20) × 45,000 = $4,500 unfavorable
b.(50,000 - 45,000) × $2.10 = $10,500 favorable
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cacerami Author
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7 months ago
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SupremeDJ
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2 hours ago
Correct Slight Smile TY
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