Phillips Corporation has the following standards for its direct materials: Standard cost: $3.80 per pound Standard quantity: 7.40 pounds per product During the most recent month, the company purchased and used 45,100 pounds of material in manufacturing 6,100 products, at a total cost of $172,300. Compute the materials price variance. $920 Favorable $920 Unfavorable $152 Unfavorable $152 Favorable
Answers: 1
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Phillips Corporation has the following standards for its direct materials: Standard cost: $3.80 per...
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