Essay
Actual results for September were:
Ruth Industries developed the following standards for one of its products:
Required:
(1) Calculate the following variances
(a) Material purchase price variance
(b) Material quantity variance
(c) Labor rate variance
(d) Labor efficiency variance
(2) Why would it be inappropriate to calculate the Material price variance at the time the material is used; might there be a situation when it might be all right to do so?
Correct Answer:
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(1)
(a) $30,000 favorable 40,000($14.25-...View Answer
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Correct Answer:
Verified
(a) $30,000 favorable 40,000($14.25-...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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