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1)     A corporation has provided the following data concern…

Posted byAnonymous December 17, 2025

Questions

1)     A cоrpоrаtiоn hаs provided the following dаta concerning one of the products in its standard cost system.  InputsStandard Quantity Standard Price Raw materials6.6  grams$7.70 per gram   The company has reported the following actual results for the product for December:Actual output9,200 unitsRaw materials purchased64,500 gramsActual cost of raw materials purchased$548,250Raw materials used in production60,710 grams  The raw materials quantity variance for the month is closest to:

Tags: Accounting, Basic, qmb,

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