Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Headlands managers expected to produce 29,000 units of product in November. The standard cost for the materials used for 29,000 units is $265,524 and the
Headlands managers expected to produce 29,000 units of product in November. The standard cost for the materials used for 29,000 units is $265,524 and the standard cost per unit is $4.20 per litre. Actual production in November was 27,650 units. The company purchased and used 60,007 litres of materials costing $249,162.40.
REQUIRED:
What was the direct materials price variance for March? Favourable, non-favourable, or neither?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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