Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that Pearle Vision uses standard costs to control the materials in its made - to - order sunglasses. The standards call for four ounces

Assume that Pearle Vision uses standard costs to control the materials in its made-to-order sunglasses. The standards call for four ounces of material for each pair of lenses. The standard cost per ounce of material is $12. During February 2024, the Santa Clara location produced 6,500 pairs of sunglasses and used 22,000 ounces of materials. The actual cost of the materials during February was $12.50 per ounce, and there were no beginning or ending inventories. Calculate the materials quantity variance.
Note: If the variance is Favorable, type a minus sign - in front of your answer. For example: if variance is $1,000 Favorable, type -1,000(no spaces). Do NOT include any decimals; do NOT include the $ sign

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

Expert Systems And Artificial Intelligence In Internal Auditing

Authors: Daniel E. O'Leary, Paul R. Watkins

1st Edition

1558760865, 978-1558760868

More Books

Students also viewed these Accounting questions

Question

=+What do we know about prejudice reduction from social psychology?

Answered: 1 week ago

Question

CL I P COL Astro- L(1-cas0) Lsing *A=2 L sin(0/2)

Answered: 1 week ago

Question

Identify cultural barriers to communication.

Answered: 1 week ago