Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance. Direct materials standard (6 lbs. @
Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance.
| Direct materials standard (6 lbs. @ $2/lb.) | $ | 12 | per finished unit | |
| Actual direct materials used | 243,000 | lbs. | ||
| Actual finished units produced | 40,000 | units | ||
| Actual cost of direct materials used | $ | 483,570 | ||
Multiple Choice
-
$3,570 unfavorable.
-
$2,430 favorable.
-
$6,000 unfavorable.
-
$3,570 favorable.
-
$2,430 unfavorable.
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