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Johnson inc is a manufacturer of lead crystal glasses

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Reference no: EM13483871

Johnson, Inc., is a manufacturer of lead crystal glasses. The standard materials quantity is 0.8 pound per glass at a price of $0.30 per pound. The actual results for the production of 6,900 glasses was 1.1 pounds per glass, at a price of $0.40 per pound.

Requirement

1. Calculate the materials price variance and the materials efficiency variance.

Reference no: EM13483871

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