Business, 12.04.2021 22:00 carsonspitzer1p5p1g2

Amalgamated Manipulation Manufacturing's (AMM) standards anticipate that there will be 3 pounds of raw material used for every unit of finished goods produced. AMM began the month of May with 5,000 pounds of raw material, purchased 15,000 pounds for $19,500 and ended the month with 4,000 pounds on hand. The company produced 5,000 units of finished goods. The company estimates standard costs at $1.50 per pound. The materials price and efficiency variances for the month of May were as follows:. Price Variance 1. $3,000 U 2. S3,000 F 3. $3,000 F . $3,200 F Efficiency Variance $1,500 F $1,500 U $1,500 U

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Amalgamated Manipulation Manufacturing's (AMM) standards anticipate that there will be 3 pounds of...

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