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Determine the direct materials usage variance for the period

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Reference no: EM133172440

Question - Information concerning Johnston Company's direct materials costs is as follows:

Standard price per pound $6.55

Actual quantity purchased 2,860 pounds

Actual quantity used in production 2,760 pounds

Units of product manufactured 710

Materials purchase-price variance-favorable $865

Budget data for the period:

Units to manufacture 1,010

Units of direct materials 4,040 pounds

Required - Determine the direct materials usage variance for the period?

Reference no: EM133172440

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