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Dear Tutor…….
can u help me to solve this in more details….for product DR, the material price variance for the month of August was $1000 favourable and the material usage variance was $300 adverse.The standard material usage per unit is 3kg, and the standard material price is $2 per kg. 500units were produced in the period. opening inventories of raw materials were 100kg and closing inventories 400kg.
what is the material purchases in the period were?
thnks in advance…..
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