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Table Manufacturing Company produces one style of tables.
Table Manufacturing Company produces one style of tables.
the following data pertain to producing one table
Planned production/month
units (one table)
50
Piece of woods (M)
19
Estimated M price
$20
Actual production
Quantity purchased (QP) from M
20
Actual price (AP)
$19
Material price variance?
$19, Favorable
$19, Unfavorable
$20, Favorable
$20, Unfavorable