Question
A Company has a material standard of 1.1 pound per unit of output. Each pound has a standard price of $28 per pound. During July,
A Company has a material standard of 1.1 pound per unit of output. Each pound has a standard price of $28 per pound. During July, A Company paid $118,800 for 5,100 pounds, which they used to produce 4,900 units. What is the direct materials quantity variance?
Enter the variance without a $ sign and as a positive value. For example, if your calculation yields the result of -2,123, enter 2,123. A Company has a material standard of 1 pound per unit of output. Each pound has a standard price of $25 per pound. During July, A Company paid $127,250 for 4,950 pounds, which they used to produce 4,700 units. What is the direct material price variance?
A Company has a material standard of 1 pound per unit of output. Each pound has a standard price of $25 per pound. During July, A Company paid $127,250 for 4,950 pounds, which they used to produce 4,700 units. What is the direct material price variance? $2,600 favorable $12,600 unfavorable $10,000 unfavorable $3,500 unfavorable 0/0.6 points A Company has a material standard of 1.1 pound per unit of output. Each pound has a standard price of $28 per pound. During July, A Company paid $118,800 for 5,100 pounds, which they used to produce 4,900 units. What is the direct materials quantity variance? Enter the variance without a $ sign and as a positive value. For example, if your calculation yields the result of 2,123, enter 2,123. 7,250Step by Step Solution
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