Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Acme Company uses a standard cost accounting system. The standard price of direct materials is $4.00 per pound and the standard quantity of direct materials

Acme Company uses a standard cost accounting system. The standard price of direct materials is $4.00 per pound and the standard quantity of direct materials per unit of finished goods is 0.75 pounds. During the current month, the actual cost of direct materials purchased and used is $148,900, the direct materials price variance is $3,750 favorable, and the direct materials quantity variance is $11,650 unfavorable. How many units of finished goods did Acme produce during the month? O 47,000 units O 45,750 units O 52.270 units O53,520 units O None of the above
image text in transcribed
Acme Company uses a standard cost accounting system. The standard price of direct materials is $4.00 per pound and the standard puantity of direct matertats per unit of finished goods is 0.75 pounds. During the current month, the actual cost of direct materials purchased and used is $148,900, the direct materials price variance is $3,750 favorable, and the direct materials quantity variance is $11,650 unfavorable. How many units of finished goods did Acme produce during the month? 47.000 units 45,750 unlts $2,270 units 53.520 unts None of the above

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

Essential Audit And Assurance 2022

Authors: Nick Blackwell, Emile Woolf International

1st Edition

1848439326, 978-1848439320

More Books

Students also viewed these Accounting questions

Question

Effective Delivery Effective

Answered: 1 week ago