Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company purchases and uses 80000 gallons of materials for which they paid $5 a gallon. The materials price variance was $120000 favorable. What is

A company purchases and uses 80000 gallons of materials for which they paid $5 a gallon. The materials price variance was $120000 favorable. What is the standard price per gallon?

$1.50

$6.50

$3.50

$5.00

with formula

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

Accounting

Authors: Peter J Eisen

6th Edition

143800138X, 978-1438001388

More Books

Students also viewed these Accounting questions