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What is the price variance

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Question - Jackety is producing high quality waterproof jackets that can be worn in all seasons.

It is budgeted that 15 yards of raw material can produce 10 jackets. The material costs $5 per yard. 2,300 jackets were originally budgeted but only 2,000 jackets were actually made. The actual cost per yard was $5.40 and 3,074 yards were used up.

A) What is the price variance?

B) What is the quantity variance?

C) What is the spending variance?

Reference no: EM132559033

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