Question
Blue Lite manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $2 per pound. During November 500
Blue Lite manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $2 per pound. During November 500 pounds of raw materials costing $4 per pound were used in making 450 weather vanes.
The materials price and quantity variance are
Question 4 options:
| A. Material Price variance 1,000 F, Material Quantity variance 800 F |
| B. Material Price variance 1,000 U, Material Quantity variance 800 U |
| C. Material Price variance 500 F, Material Quantity variance 400 U |
| D. Material Price variance 500 U, Material Quantity variance 400 F |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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