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Determine the standard cost of materials

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Question - Epiphany Company purchased 340,000 pounds of material at a cost of P510,000. The materials price variance was unfavorable by P34,000. During the year, 300,000 pounds of this material was requisitioned for production. The materials quantity variance was unfavorable by P11,200. Determine the standard cost of materials that should have been used in production?

Reference no: EM133173948

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