Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

40000 units of products were as fallows: direct materials at 120000 lb. at $3.20 standard costs, 118,500 lb. at $3.25. Direct labor at 12000 hrs.

40000 units of products were as fallows: direct materials at 120000 lb. at $3.20 standard costs, 118,500 lb. at $3.25. Direct labor at 12000 hrs. at $24.40 standard costs, 11700 hrs. at $25.00. what is the direct materials price variance and direct materials quantity variance

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

Financial Accounting An Integrated Statements Approach

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

2nd Edition

324312113, 978-0324312119

More Books

Students also viewed these Accounting questions

Question

=+a) Why is there no coefficient for Medium?

Answered: 1 week ago

Question

What is substance intoxication and withdrawal?

Answered: 1 week ago

Question

How might Elon's drug use affect his life in the future?

Answered: 1 week ago

Question

What are you curious about regarding Elon?

Answered: 1 week ago