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  3. Study Set
    Cornerstones of Cost Management
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    Exam 9: Standard Costing: a Functional-Based Control Approach
  5. Question
    Malkovich Company Uses a Standard Costing System
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Malkovich Company Uses a Standard Costing System

Question 3

Question 3

Multiple Choice

Malkovich Company uses a standard costing system. The following information pertains to direct materials for the month of July: Malkovich Company uses a standard costing system. The following information pertains to direct materials for the month of July:   Malkovich Company reports its material price variances at the time of purchase. What is the material usage variance for Malkovich Company? A)  $2,850 (F)  B)  $1,950 (F)  C)  $900 (F)  D)  $900 (U) Malkovich Company reports its material price variances at the time of purchase.
What is the material usage variance for Malkovich Company?


A) $2,850 (F)
B) $1,950 (F)
C) $900 (F)
D) $900 (U)

Correct Answer:

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