Answered step by step
Verified Expert Solution
Question
1 Approved Answer
For each unit of finished products, Dolphin Ceramics has a standard usage of 1 pound direct materials. Direct materials have a standard price of $26
For each unit of finished products, Dolphin Ceramics has a standard usage of 1 pound direct materials. Direct materials have a standard price of $26 per pound. In April, Dolphin Ceramics produced 4.750 units and paid $141000 for 5,040 pounds direct materials. Calculate the direct materials price variance Multiple Choice $9.960 unfavorable $17.500 unfavorable $26,560 unfavorable $9.060 favorable
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