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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Explain the difference between direct materials purchased in a month and direct materials used for the month.

To determine

State the difference between direct materials purchased in a month and direct materials used during the month.

Explanation

Direct Materials Purchased and Direct Materials Used:

The direct materials purchased by the company in order to produce the desired units of product are known as direct materials purchased. Direct materials used in production determine the variance between the amount of materials used in manufacturing and the amount of purchased materials.

The following table represents the difference between direct materials purchased and direct materials used:

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