Question
All Waterway Industries produces a product requiring 4 pounds of material costing $3.50 per pound. During December, All Waterway purchased 3800 pounds of material for
All Waterway Industries produces a product requiring 4 pounds of material costing $3.50 per pound. During December, All Waterway purchased 3800 pounds of material for $12768 and used the material to produce 100 products. What was the materials price variance for December?
answer is 532 favorable
why it is favorable?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
