Question
Hanson Inc. has the following direct material standard to manufacture one Zippy: 1.5 pounds per Zippy at $4.00 per pound. Last week 1,700 pounds of
Hanson Inc. has the following direct material standard to manufacture one Zippy: 1.5 pounds per Zippy at $4.00 per pound. Last week 1,700 pounds of material were purchased and used to make 1,000 Zippies.The material cost a total of $6,630.
What is the actual price per pound paid for the material?
What is the actual price per pound paid for the material?
Calculate Hanson's direct-material price variance (MPV) for the week.
What is Hanson's direct-material quantity variance (MQV) for the week?Hanson Inc. has the following direct material standard to manufacture one Zippy: 1.5 pounds per Zippy at $4.00 per pound. Last week 1,700 pounds of material were purchased and used to make 1,000 Zippies.The material cost a total of $6,630.
What is the actual price per pound paid for the material?
What is the actual price per pound paid for the material?
Calculate Hanson's direct-material price variance (MPV) for the week.
What is Hanson's direct-material quantity variance (MQV) for the week?
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Accounting General Journal
Authors: Claudia Gilbertson
11th Edition
1337623121, 9781337623124
