aterials Variances Manzana Company produces apple juice sold in gallons Recently, the company adopted the following material standard for one gallon of its apple juice Direct materials 128 oz $0 05 $6 40 During the first week of operation, the company experienced the following results Gallon units produced 20,000 Ounces of materials purchased and used 2,650,000 ounces at $0 045 No beginning or ending inventories of raw materials Required 1 Compute the materials price variance Favorable or Unfavorable 2 Compute the materials usage variance $ Unfavorableor favorable

Question

aterials Variances Manzana Company produces apple juice sold in gallons  Recently, the company adopted the following material standard for one gallon of its apple juice  Direct materials 128 oz    $0 05   $6 40 During the first week of operation, the company experienced the following results  Gallon units produced  20,000  Ounces of materials purchased and used  2,650,000 ounces at $0 045  No beginning or ending inventories of raw materials  Required  1  Compute the materials price variance  Favorable or Unfavorable 2  Compute the materials usage variance  $ Unfavorableor favorable

Accepted Answer

The Answer is in the image, click to view ...

aterials Variances Manzana Company produces apple juice sold in gallons. Recently, the company adopted the following material

Question:

Intermediate Accounting IFRS

aterials Variances Manzana Company produces apple juice sold in gallons. Recently, the company adopted the following material

Question:

Expert Answer:

The Answer is in the image, click to view ... View the full answer

Intermediate Accounting IFRS

Students also viewed these Accounting questions