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Compute the materials quantity variance and materials price

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Harmon Household, Inc. manufactures a number of consumer items for general household use. During the recent month, the company manufactured 4,000 chopping blocks using 11,000 feet of hardwood. The hardwood cost the company $18,700 when purchased. According to the standard cost card, each chopping block requires 2.5 board feet of hardwood, at a cost of $1.80 per board feet.

Required: Compute the materials quantity variance and materials price variance.

Reference no: EM13509180

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