Answered step by step

Verified Expert Solution

Link Copied!

Question

...

1 Approved Answer

Posted on Jul 24, 2024

Baskets Inc. gathered the following actual results for the current month: Actual amounts: Units produced 5,200 Direct materials purchased and used (7,300 lbs.) $29,200 Budgeted

Baskets Inc. gathered the following actual results for the current month:

Actual amounts: Units produced 5,200 Direct materials purchased and used (7,300 lbs.) $29,200

Budgeted production and standard costs were:

Budgeted production 4,800 units Direct materials 1.5 lbs/unit at $3/lb.

What is the direct materials price variance?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

18. A researcher predicts that listening to music while solving math problems will make a particular brain area more active. To test this, a research participant has her brain scanned while listening...

Answered: 1 week ago

Question

★★★★★

Wells Company reports the following sales forecast: September, $ 55,000; October, $ 66,000; and November, $ 80,000. All sales are on account. Collections of credit sales are received as follows: 20%...

Answered: 1 week ago

Question

★★★★★

-Describe the Benford's Law. -Explain how it can be used for the detection of Fraud by Auditors.

Answered: 1 week ago

Question

★★★★★

The Blue Lake Water Company has two departments, Purifying and Bottling. The Bottling Department received 76,000 liters from the Purifying Department. During the period, the Bottling Department...

Answered: 1 week ago

Question

★★★★★

How imperative is conducting research on the target and ensuring that the proper customers are communicated to? HaHowtherightw many companies fail to hone in on th eright consumer?

Answered: 1 week ago

Question

★★★★★

5. A transmission shaft is supported between two bearings, with distance 750 mm. Power is supplied to the shaft and transmitted to belt pulley, 450 mm diameter, which is located at a distance of 200...

Answered: 1 week ago

Question

★★★★★

the Community Senior Services (C S S) intervention case (each "Spotlight" included in the chapter) is viewed primarily as a project because a. it seeks policy change. b. it is a shorter term than a...

Answered: 1 week ago

Question

★★★★★

1) The per unit price sold to distributors will be $0.80, regardless of country or quantity sold. (2) The estimated market share for sales depends on how much a segment sees health and wellness as...

Answered: 1 week ago

Question

★★★★★

a). The following information was extracted from the stores ledger of Alpha Limited during the month of March 2022 Opening inventory 4000 units valued at shs. 160,000 Receipts March 5 5,000 units @...

Answered: 1 week ago

Previous Question Next Question