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 50,000 feet of raw material for

image text in transcribed
April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They purchased 50,000 feet of raw material for $250,000, and It takes 6 feet of raw materials to produce one park bench. In August, the company produced 10,000 pork benches. The standard cost for material output was $120,000, 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 units B. What was the total number of units of material used to produce the August output? Actual quantity feet Units C. What was the direct materials price variance for August? Direct materials price variances Unfavorable Foodbac

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

Financial Accounting

Authors: Warren, Reeve, Duchac

12th Edition

1133952410, 9781133952411, 978-1133952428

More Books

Students also viewed these Accounting questions

Question

What are their resources?

Answered: 1 week ago

Question

What impediments deal with customers?

Answered: 1 week ago