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The Costmore Company Uses Standard Costing and Has Established the Following

question 23

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The Costmore Company uses standard costing and has established the following standards for direct materials and direct labor for each unit it makes: The Costmore Company uses standard costing and has established the following standards for direct materials and direct labor for each unit it makes:   During July,the company made 4,000 units of product and used 13,000 gallons.The actual price paid for materials was $5.20 per gallon. Direct Labor used was 3,600 hours and workers were paid $11.75 per hour. An analysis would indicate A)  a $5,000 unfavorable materials quantity variance. B)  a $7,600 favorable materials quantity variance. C)  a $2,600 favorable materials quantity variance. D)  a $7,600 unfavorable materials quantity variance. During July,the company made 4,000 units of product and used 13,000 gallons.The actual price paid for materials was $5.20 per gallon. Direct Labor used was 3,600 hours and workers were paid $11.75 per hour.
An analysis would indicate


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