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If the Standard Quantity of Materials Is 84,500 Units @

question 81

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If the standard quantity of materials is 84,500 units @ $0.15 per unit and the actual quantity is 95,000 units @ $0.12 per unit,then the total materials cost variance is:


Definitions:

Counting Method

A mathematical technique used to determine the total number of possible outcomes in a given situation.

Count And Divide

A method involving enumeration and separation into parts or groups, typically used for analytical or problem-solving purposes.

Intuitive Judgment

The ability to understand or know something without the need for conscious reasoning or direct evidence.

Bias

A tendency to favor or lean towards a particular perspective, judgment, or result over others, often in a way considered to be unfair.

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