Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Case 3 Information on Rommel Manufacturing Corp's direct material cost is as follows: Standard unit price P4.50 Actual quantity purchased 2,000 Standard quantity allowed for

Case 3 Information on Rommel Manufacturing Corp's direct material cost is as follows: Standard unit price P4.50 Actual quantity purchased 2,000 Standard quantity allowed for actual production 1,800 P480 Material purchase price variance - favorable 1. What was the actual purchase price per unit? 2. If materials usage variance is P225 favorable, the actual quantity used 3. If materials usage variance is P405 unfavorable, actual quantity used

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Cpa Financial Accounting Examination Preparation Guide

Authors: Azhar Ul Haque Sario

1st Edition

979-8223666547

More Books

Students also viewed these Accounting questions

Question

=+C&B (especially taxation) laws, regulations, and practices?

Answered: 1 week ago

Question

=+designing international assignment C&B packages.

Answered: 1 week ago