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9 June, 10:27

If preble had purchased 180,000 pounds of materials at $7.20 per pound and used 155,000 pounds in production, what would be the materials quantity variance for march?

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  1. 9 June, 13:15
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    Material quantity variance = (Actual quantity - Standard quantity) * Standard price

    = (180,000 - 155,000) * $7.20

    = $180,000 favorable
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