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Mathematics, 25.03.2021 06:50 corrineikerd
The Bowden Corporation makes a single product. Only one kind of direct material is used to make this product. The company uses a standard cost system. The company's cost records for June show the following data:
Number of units produced 10,000
Material price variance $8,400 Favorable
Material quantity variance $8,000 Unfavorable
Actual direct material purchased and used 21,000 pounds
Direct materials standard price $8 per pound
There were no beginning inventories of direct materials.
The actual cost of direct material was:
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The Bowden Corporation makes a single product. Only one kind of direct material is used to make this...
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