Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

Budgeted price of direct materials is $2 per pound. Actual price of direct materials is $2.50 per pound. Actual quantity of direct materials is 200

Budgeted price of direct materials is $2 per pound. Actual price of direct materials is $2.50 per pound. Actual quantity of direct materials is 200 pounds. Compute the price variance for direct materials. A. $100 unfavourable B. $200 unfavourable C. $100 favourable D. $200 favourable

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

Students also viewed these Accounting questions

Question

Distinguish between social learning theory and social cognitive theory, including an explanation of triadic reciprocal causality.

Answered: 1 week ago

Question

★★★★★

Davis Consulting performs systems consulting. The company has also begun selling accounting software and uses the perpetual inventory system to account for software inventory. During January, Davis...

Answered: 1 week ago

Question

★★★★★

At December 31, Ding Company reported the following balances in its accounts: Cost of Goods Sold $210,000 Finished Goods Inventory 30,000 The companys balance in its Manufacturing Overhead account at...

Answered: 1 week ago

Question

★★★★★

The extent to which a sport manager would spend effort and time over a decision is based on two issues: (a) the programmability of the decision and (b) the significance of the decision, the extent to...

Answered: 1 week ago

Question

★★★★★

The basic cycle for a steam power plant is shown inFig. 8.1. The turbine operates adiabatically with inlet steam at 6800 kPa and 550C, and the exhaust steam enters the condenser at 50C with a quality...

Answered: 1 week ago

Question

★★★★★

Refer to the graph below for the attached questions. (12 points; 3 points each). (1) Moving from Point A to Point B, what is the point price elasticity of demand? What is the dollar change in total...

Answered: 1 week ago

Question

★★★★★

The BODYFAT dataset was developed using randomly selected patients who were treated by a particular sports injury rehabilitation group. The purpose was to determine if girth (in centimeters) could be...

Answered: 1 week ago

Question

★★★★★

Lucky, LLC, has four members: Amber, Brandon, Crystal, and Drew. Amber and Brandon each contributed $30,000, and Crystal and Drew each contributed $50,000 to form the company. Profits and losses are...

Answered: 1 week ago

Question

★★★★★

List the violations for the Happy Foods establishments. Provide license_no, Inspection Date, inspection Results, fine, Inspection Point ID, and description of the inspection point violated. need sql...

Answered: 1 week ago

Previous Question Next Question