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Author Question: Amos, Inc. uses a standard cost system in which direct materials are carried at standard cost. ... (Read 57 times)

meganh99

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on: Feb 5, 2023
Amos, Inc. uses a standard cost system in which direct materials are carried at standard cost. Standards for one unit of product are: standard quantity of 8-1/2 gallons and standard price $1.85 per gallon. During March, Amos purchased 150,000 gallons of direct materials at a cost of $300,000 and used 150,500 gallons in production of 18,000 units.

Required:

Calculate the direct materials price and quantity variances and indicate whether each variance is favorable or unfavorable.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by meganh99 on Feb 5, 2023

Jaclyn92G6

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Reply #1 on: Feb 5, 2023
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meganh99

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Reply 2 on: Feb 5, 2023
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Alyson.hiatt@yahoo.com

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Reply 3 on: Yesterday
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