Question
Bonita Enterprises purchased 94,000 gallons of direct materials during the year at a price of $3 per gallon. Bonitas direct materials price variance was $9,300
Bonita Enterprises purchased 94,000 gallons of direct materials during the year at a price of $3 per gallon. Bonitas direct materials price variance was $9,300 Unfavorable. Calculate the standard price per gallon of direct materials. (Round answer to 2 decimal places, e.g. 15.25.)
Standard price $ /gal?
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
Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
