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bernie2981 bernie2981
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Posts: 3810
8 years ago
Puget Company has gathered the following information about its purchase and use of raw materials for December:

Standard Price (SP) per pound of raw material   $12.00
Actual purchase price per pound of raw material   $11.50
Standard Quantity Allowed (SQ.A
for actual production (pounds)   1,000
Actual Quantity (AQ) of raw materials purchased (pounds)   1,150

Puget Company uses a standard cost system. What is the materials price variance?
A) $575 favorable
B) $500 unfavorable
C) $500 favorable
D) $575 unfavorable
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
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nucleinuclei
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8 years ago
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bernie2981 Author
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8 years ago
Answers my question perfectly.
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