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Materials Quantity Variance: Solving for Actual Quantity

Question 12

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Materials Quantity Variance: Solving for Actual Quantity
Toddca planned to produce 3,000 units of its single product, Terrgam, during November. The standard specifications for one unit of Terrgam include six pounds of material at $0.30 per pound. Actual production in November was 3,100 units of Terrgam. The accountant computed a favorable materials purchase price variance of $380 and an unfavorable materials quantity variance of $120.
Required:
Based on these data, calculate how many pounds of material were used in the production of Terrgam during November.

Correct Answer:

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