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    Fundamental Accounting Principles Study Set 5
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    Exam 24: Flexible Budgets and Standard Costs
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    Jacques Company Planned to Use 18,000 Pounds of Material Costing
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Jacques Company Planned to Use 18,000 Pounds of Material Costing

Question 74

Question 74

Essay

Jacques Company planned to use 18,000 pounds of material costing $2.50 per pound to make 4,000 units of its product. In actually making 4,000 units, the company used 18,800 pounds that cost $2.54 per pound. Calculate the direct materials quantity variance.

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