Solution-What is the materials purchase price variance

What is the materials purchase price variance

Reference no: EM132548883

Question 1: Thomas company uses a standard cost system and recognizes the materials purchase price variance at the time materials are purchased. information for raw materials for product rbi for the month of october follows: standard unit price $1.80 actual purchase price per unit $1.65 actual quantity purchased 4,000 units actual quantity used 3,900 units standard quantity allowed for actual production 3,800 units what is the materials purchase price variance?

Reference no: EM132548883

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What is the materials purchase price variance

Reference no: EM132548883

Reference no: EM132548883

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