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Author Question: Nantucket, Inc. uses a standard cost system in which direct materials are carried at standard cost. ... (Read 51 times)

heatherbabydoll1

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on: Feb 5, 2023
Nantucket, 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 2 feet, standard price $1.50 per foot. During May, Nantucket purchased 16,000 feet of direct material at a cost of $30,000 and used 15,500 feet in production of 7,500 units.

Required:

Calculate the direct materials price and quantity variances and indicate whether the variances are favorable or unfavorable.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by heatherbabydoll1 on Feb 5, 2023

ad2018

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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heatherbabydoll1

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)

xiaomengxian

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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