Business, 31.07.2020 06:01, rainbowboi

Amber Manipulation Manufacturing's (AMM) standards anticipate that there will be 2 pounds of raw material used for every unit of finished goods produced. AMM began the month of May with 7,500 pounds of raw material, purchased 11,400 pounds for $18,240 and ended the month with 6,500 pounds on hand. The company produced 5,600 units of finished goods. The company estimates standard costs at $1.80 per pound. The materials price and efficiency variances for the month of May were:

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Amber Manipulation Manufacturing's (AMM) standards anticipate that there will be 2 pounds of raw mat...