Devoto Inc. has provided the following data concerning one of the products in its standard cost system.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials6.6 grams$7.70 per gram?The company has reported the following actual results for the product for June: Actual output 9,200unitsRaw materials purchased 64,500gramsActual cost of raw materials purchased$548,250 Raw materials used in production 60,710grams?The raw materials price variance for the month is closest to:
A. $48,568 U
B. $51,600 F
C. $48,568 F
D. $51,600 U
Answer: D
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Walmart is famous for exemplifying the cost leadership strategy. Which of the following is Walmart likely to do? Select as many as apply.
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Indicate whether the statement is true or false