Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They purchased 60,000 feet of raw material

image text in transcribed

April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They purchased 60,000 feet of raw material for $240,000, and it takes 6 feet of raw materials to produce one park bench. In August, the company produced 9,000 park benches. The standard cost for material output was $108,000, and there was an unfavorable direct materials quantity variance of $6,000. A. What is April Industries' standard price for one unit of material? Standard cost per unit $ 2 B. What was the total number of units of material used to produce the August output? Actual quantity feet X Units C. What was the direct materials price variance for August? Direct materials price variance $ Unfavorable

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

Human Resource Management

Authors: Jean M. Phillips, Stanley M. Gully

1st edition

1111533555, 978-1111533557

More Books

Students also viewed these Accounting questions

Question

Prepare a differential analysis.

Answered: 1 week ago

Question

What does the concept of hierarchical decomposition entail?

Answered: 1 week ago

Question

What happens to planning?

Answered: 1 week ago