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Compute the total price and quantity variances for materials

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Reference no: EM131698962

Question - Ceelo Company purchased (at a cost of $11,610) and used 1,800 pounds of materials during May. Ceelo's standard cost of materials per unit produced is based on 3 pounds per unit at a cost $6.50 per pound. Production in May was 510 units.

Compute the total, price, and quantity variances for materials.

Reference no: EM131698962

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