Solve the materials price for hanson inc

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Reference no: EM132993150

Hanson Inc. has the following direct material standard to manufacture one Jerf:

1.5 kgs per Jerf at $4.00 per kg

Last month 1,800 kgs of material were purchased and 1,700 kgs used to make 1,000 Jerfs.

The material cost a total of $7,020.

Problem 1: Solve the materials price and quantity variances.

Reference no: EM132993150

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