Your Company’s materials quantity variance was $24,000 favorable. The standard cost per pound is $12.00 and 30 pounds are allowed for each unit of output. Records show that 46,500 pounds of material were used. How many units of output were actually produced?

Your Company’s materials quantity variance was $24,000 favorable. The standard cost per pound is $12.00 and 30 pounds are allowed for each unit of output. Records show that 46,500 pounds of material were used. How many units of output were actually produced?

Name: Your Company’s materials quantity variance was $24,000 favorable. The
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Description: Your Company’s materials quantity variance was $24,000 favorable. The standard cost per pound is $12.00 and 30 pounds are allowed for each unit of output. Records show that 46,500 pounds of material were used. How many units of output were actually p

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 8EB: Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450...

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