Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2:42:28 Question 24 The following materials standards have been established for a particular product: Marked out of 3.33 Flag Standard quantity per unit of output

image text in transcribed

image text in transcribed

2:42:28 Question 24 The following materials standards have been established for a particular product: Marked out of 3.33 Flag Standard quantity per unit of output 5.3 meters Standard price $ 17.20 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 8,100 meters Actual cost of materials $141,345 purchased Actual materials used in production 7,600 meters Actual output 1,400 units What is the materials price variance for the month? The following data pertain to operations concerning the product for the last month: Actual materials 8,100 meters purchased Actual cost of materials $141.345 purchased Actual materials 7.600 meters used in production Actual output 1,400 units What is the materials price variance for the month? A) $3,141 U B) $2,025 U C) $8,600 U D) $8,725 U Select one: oc

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Practical Approach

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren

4th Canadian Edition

1119709490, 9781119709497

More Books

Students also viewed these Accounting questions

Question

Identify and sketch the graph of each surface. y 2 + z 2 1 + x 2

Answered: 1 week ago

Question

Describe effectiveness of reading at night?

Answered: 1 week ago

Question

find all matrices A (a) A = 13 (b) A + A = 213

Answered: 1 week ago