Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Eco Furniture Ltd . makes wooden furniture. One of their products is a wooden desk. The exterior is made of walnut, a high quality wood,

Eco Furniture Ltd. makes wooden furniture. One of their products is a wooden desk. The exterior is made of walnut, a high quality wood, but the interior drawers are made of pine, a less expensive wood. The budgeted direct materials quantities and prices for one desk are:WalnutPineQuantityInput Unit9 square metres3 square metresRate perCost forOne Desk$62/square$558metre$19/square$57metreDuring the month of November 600 desks were produced. The actual material volume and costs were:WalnutPineTotalTotalQuantity Cost5,250 square metres $336,0002,250 square metres $123,750What is the direct materials mix variance for pine? a. $7,125 U b. $8,650 FC. $5,750 Ud. $6,500 U e.9250F

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_2

Step: 3

blur-text-image_3

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

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

13th Edition

9780470374948, 470423684, 470374942, 978-0470423684

More Books

Students also viewed these Accounting questions