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E11-13 Wales Company purchased (at a cost of $10,800) and used 2,400 pounds of materials during… 1 answer below » E11-13 Wales Company purchased (at a cost of $10,800) and used 2,400 pounds of materials during May. Wales’s standard cost of materials per unit produced is based on 2 pounds per unit at a cost $5 per pound. Production in May was 1,070 units. Instructions (a) Compute the total, price, and quantity variances for materials. (b) Assume Wales also had an unfavorable labor quantity variance. What is a possible scenario that would provide one cause for the variances computed in (a) and the unfa- vorable labor quantity variance? Nov 30 2015 04:48 PM
