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Business, 16.04.2020 17:30 alghazal7408

Marigold Company has developed the following standards for one of its products. Direct materials: 10 pounds × $12 per pound Direct labor: 4 hours × $20 per hour Variable overhead: 5 hours × $10 per hour The following activity occurred during the month of October: Materials purchased: 10,000 pounds costing $150,000 Materials used: 6,000 pounds Units produced: 500 units Direct labor: 2,300 hours at $23.60/hour The company records materials price variances at the time of purchase. The direct materials price variance is: a.$30,000 U. b.$12,000 F. c.$41,000 F. d.$53,000 U.

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