Ring Corporation manufactures jeweled cell phone cases. The following materials standards have been established for the

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Ring Corporation Manufactures Jeweled Cell Phone Cases The Following Materials Standards Have Been Established For The 1 (98.41 KiB) Viewed 31 times

Ring Corporation manufactures jeweled cell phone cases. The following materials standards have been established for the jewels used to decorate the cell phone cases. Standard quantity per case (grams) Standard Price (SP) per gram of jewels 2.5 $4.75 The following data relates to the production of the cell phone cases during June: Actual jewels purchased and used (grams) 2,000 Actual cost of jewels purchased $4,000 Actual number of cases produced 300 What is the materials price variance for jewels in June? ... A. $9,500 unfavorable B. $5,500 unfavorable C. $9,500 favorable D. $5,500 favorable