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Majer Corporation Makes a Product with the Following Standard Costs

Question 247

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Majer Corporation makes a product with the following standard costs: Majer Corporation makes a product with the following standard costs: The company reported the following results concerning this product in February. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The materials price variance for February is: A) $77,300 Unfavorable B) $77,300 Favorable C) $4,900 Favorable D) $4,900 Unfavorable The company reported the following results concerning this product in February.
Majer Corporation makes a product with the following standard costs: The company reported the following results concerning this product in February. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The materials price variance for February is: A) $77,300 Unfavorable B) $77,300 Favorable C) $4,900 Favorable D) $4,900 Unfavorable The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The materials price variance for February is:


A) $77,300 Unfavorable
B) $77,300 Favorable
C) $4,900 Favorable
D) $4,900 Unfavorable

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