Cib inc produces a product requiring 4 pounds of material

Reference no: EM13591652

CIB Inc. produces a product requiring 4 pounds of material costing $2.50 per pound. During December, CIB purchased 4,200 pounds of material for $10,080 and used the material to produce 500 products. What was the materials price variance for December?

Reference no: EM13591652

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