Business, 05.05.2020 20:11 BARRION1981

Johnsonville Company recently purchased 33,000 gallons of direct material at $5.90 per gallon. Usage by the end of the period amounted to 31,000 gallons. If the standard cost is $6.70 per gallon and the company believes in computing variances at the earliest point possible, the direct-material price variance would be calculated as:

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Johnsonville Company recently purchased 33,000 gallons of direct material at $5.90 per gallon. Usage...

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