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15 August, 18:06

Cavern Company's output for the current period results in a $5,250 unfavorable direct material price variance. The actual price per pound is $56.50 and the standard price per pound is $55.00. How many pounds of material are used in the current period?

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  1. 15 August, 21:29
    0
    3,500 pounds

    Explanation:

    By applying the below formula we get:

    AQ (AP-SP)

    USD 5,250 (unfavorable price variance)

    USD 5,250 / (AP - SP) = AQ

    So,

    USD 5,250 / (USD 56.50 - USD 55.00)

    = 3,500
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Home » Business » Cavern Company's output for the current period results in a $5,250 unfavorable direct material price variance. The actual price per pound is $56.50 and the standard price per pound is $55.00.
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