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Reichs Company the Following Information Is for Reichs Company's September

question 148

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Reichs Company The following information is for Reichs Company's September production:
 Standard:  Material 4.0 feet per unit @$3.75 per foot  Labor 3.0 hours per unit @$8.25 per hour \begin{array}{ll}\textbf { Standard: }\\\text { Material } & 4.0 \text { feet per unit } @ \$ 3.75 \text { per foot } \\\text { Labor } & 3.0 \text { hours per unit } @ \$ 8.25 \text { per hour }\end{array}

 Actual:  Production 3,500 units produced during the month  Material 14,200 feet used; 14,700 feet purchased @ $3.70 per foot  Labor 10,400 direct labor hours $8.35 per hour \begin{array}{ll}\textbf { Actual: }\\\text { Production } & 3,500 \text { units produced during the month } \\\text { Material } & 14,200 \text { feet used; } 14,700 \text { feet purchased @ } \$ 3.70\text { per foot } \\\text { Labor } & 10,400 \text { direct labor hours } \$ 8.35\text { per hour }\end{array} (Round all answers to the nearest dollar.)
Refer to Reichs Company.What is the material quantity variance?


Definitions:

Dizygotic Twins

Also known as fraternal twins, these are siblings born at the same time but developed from two separate eggs fertilized by two different sperm cells.

Zygotes

The initial cell formed when a new organism is produced by sexual reproduction, created when the sperm fertilizes the egg, containing genetic material from both parents.

Fertilized

The state or process in which a sperm cell unites with an egg cell, leading to the formation of a zygote and the initiation of pregnancy.

Conjoined Twins

Twins that are physically connected to each other at birth, sharing some body parts and organs.

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