Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Coronado Enterprises purchased 79,000 gallons of direct materials during the year at a price of $2.00 per gallon. Coronado's direct materials price variance was $7,900
Coronado Enterprises purchased 79,000 gallons of direct materials during the year at a price of $2.00 per gallon. Coronado's direct materials price variance was $7,900 Favorable. Calculate the standard price per gallon of direct materials. (Round answer to 2 decimal places, e.g. 15.25.)
Standard price | $enter the standard price in dollars per gallon rounded to 2 decimal places /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