Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Clyde Products Manufacturing Corporation prepared the following budget for the single product it produces. RAW MATERIAL DESCRIPTION NUMBER OF UNITS NEEDED COST PER UNIT TOTAL

Clyde Products Manufacturing Corporation prepared the following budget for the single product it produces.
RAW MATERIAL DESCRIPTION NUMBER OF UNITS NEEDED COST PER UNIT TOTAL COST
Part A 2 $1.00 $2.00
Part B 3 $1.50 $4.50
Part C 4 $1.75 $7.00
TOTAL: -- $13.50
During the quarter ending September 30,2021 Clyde Produced 6,020 units to sell to its customers. According to raw materials inventory documents, during the quarter ending September 30,2021, Clyde used the following raw materials to produce units.
Part A: 12,225.
Part B: 19,240.
Part C: 24,088.
During the quarter the purchasing department provided the following data about its purchasing activities.:
RAW MATERIAL DESCRIPTION NUMBER OF UNITS PURCHASED TOTAL COST
Part A 18,722 $19,097.00
Part B 24,668 $36,994.00
Part C 28,090 $51,650.00
Calculate the total direct materials variance (includes both spending and use) for the quarter ending September 30,2021.

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

College Accounting Chapters 1-26

Authors: Douglas J. McQuaig, Patricia A. Bille

6th Edition

0395796997, 978-0395796993

More Books

Students also viewed these Accounting questions

Question

What are the five steps in the negotiation process?

Answered: 1 week ago

Question

Explain the meaning of ergonomics.

Answered: 1 week ago