Calculate the material price variance and usage variance

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Question - Your Company purchased 200 lbs of raw materials and used 110 lbs. your standard price is $10, and you paid 8 per lb. Calculate the material price variance and usage variance.

Reference no: EM132913438

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Calculate the material price variance and usage variance : Your Company purchased 200 lbs of raw materials and used 110 lbs. Calculate the material price variance and usage variance
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