Business, 10.05.2020 15:57 asmita9876

Shoemaker Perkins Company uses a standard cost system for raw material X15. The standard cost is $10 per pound. The standard calls for 2 pounds of material X15 for each unit of the product manufactured. The company manufactured 600 units of the product in September. The actual price for Material X-15 purchased during the month was $1 per pound below the standard cost. The material usage variance in September was $3,000 unfavorable.
a. What is the actual usage of material (in pounds)?
b. What is the purchase-price variance for Material X in September?

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Shoemaker Perkins Company uses a standard cost system for raw material X15. The standard cost is $10...

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