Jeanne, Inc.s records show the following data relating to direct materials cost for November: There is no
Question:
Jeanne, Inc.’s records show the following data relating to direct materials cost for November:
There is no work in process either at the beginning or the end of the month.
Required:
a. Calculate the standard direct material cost per unit of finished product.
b. Derive the actual direct material cost per unit of finished product.
Transcribed Image Text:
Units of finished product manufactured Standard direct materials per unit of production Quantity of direct materials used Direct materials quantity variance (unfavorable) Direct materials price variance (favorable) 8,500 8 lbs. 68,750 lbs. $ 2,850 $13,750
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Related Book For
Cost Accounting Using A Cost Management Approach
ISBN: 9780256174809
6th Edition
Authors: Letricia Gayle Rayburn, Martin K. Gay
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