Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

Blossom Creations purchased 7500 feet of copper tubing at a price of $2.80 per foot and used 7720 feet during the period. The standard price

Blossom Creations purchased 7500 feet of copper tubing at a price of $2.80 per foot and used 7720 feet during the period. The standard price of the copper tubing was $2.60 per foot. What is Blossom Creations' direct materials price variance for the period?

$1500 favorable $616 unfavorable $616 favorable $1500 unfavorable

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

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

Students also viewed these Accounting questions

Question

★★★★★

You buy a call with a strike price of $70 on stock that you have shorted at $70 (this is a "protective call"). What are the expiration date profits to this position for stock prices of $60, $65, $70,...

Answered: 1 week ago

Question

★★★★★

Students graphed their completion of homework on a class report.

Answered: 1 week ago

Question

★★★★★

The Accidental Petroleum Company is trying to determine its weighted average cost of capital for use in making a number of investment decisions. The firm's bonds were issued 6 years ago and have 14...

Answered: 1 week ago

Question

★★★★★

Problem 12-7 Sanville Quarries is considering acquiring a new drilling machine that is expected to be more efficient than the current machine. The project is to be evaluated over four years. The...

Answered: 1 week ago

Question

★★★★★

Question 5) The results of inspection of DNA samples taken over the past ten data are given below. Sample size is 100. Day Defectives 1 7 2 6 3 6 4 9 5 5 6 6 7 0 8 8 9 9 4 10 1 Construct a 3-sigma...

Answered: 1 week ago

Question

★★★★★

Computerized medical records have promoted ________ in recent years, while industry costs are ________. Question 28 options: a) greater efficiency; rising b) decreased privacy; declining c) greater...

Answered: 1 week ago

Question

★★★★★

You recently bought a home M7.5 Discussion: Considering the Possibilities in Your Own Backyardwith a structure distant from the main house. This area was used as an art studio by the previous owner....

Answered: 1 week ago

Question

★★★★★

When several conditions are necessary for the top event to occur, we use the "AND" symbol. If the failure rates (IE probabilities) are known for each of these conditions, what would we then do to...

Answered: 1 week ago

Question

★★★★★

Question 1 Which theoretical probabilities are equal to 1/3? Check all that apply. landing on a star space on the first roll rolling an even number on the first roll landing at Cat Town on the first...

Answered: 1 week ago

Question

★★★★★

Suppose you put $1,500per month into a Roth IRA, that pays 10%APR (compounded monthly).Assume you have nothing saved today, calculate the future value of the retirement account 30 years from today....

Answered: 1 week ago

Previous Question Next Question