Answered step by step
Verified Expert Solution
Question
1 Approved Answer
During June, Cisco Company produced 12,000 chainsaw blades. The standard quantity of material allowed per unit was 1.5 pounds of steel per blade at a
-
During June, Cisco Company produced 12,000 chainsaw blades.
The standard quantity of material allowed per unit was 1.5 pounds of steel per blade at a standard price of $8 per pound.
The actual price paid in June was $10 per pound of steel.
Cisco determined that it had a favorable materials usage variance of $1,000 for June.
Calculate the actual quantity of materials Cisco used.
A. 18,125 pounds
B. 18,100 pounds
C. 17,900 pounds
D. 17,875 pounds
During June, Cisco Company produced 12,000 chainsaw blades.
The standard quantity of material allowed per unit was 1.5 pounds of steel per blade at a standard price of $8 per pound.
The actual price paid in June was $10 per pound of steel.
Cisco determined that it had a favorable materials usage variance of $1,000 for June.
Calculate the actual quantity of materials Cisco used.
| A. | 18,125 pounds | |
| B. | 18,100 pounds | |
| C. | 17,900 pounds | |
| D. | 17,875 pounds |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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