Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello, I need someone to help me input the rest on my spreadsheet, I had a difficult time. Thank you. Problem 22(7)-2A Name: Jacky Ortiz

Hello, I need someone to help me input the rest on my spreadsheet, I had a difficult time. Thank you.

image text in transcribed Problem 22(7)-2A Name: Jacky Ortiz Section: 1498 Score: 64% Key Code: [Key code here] Instructions Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded. 1. a. Direct Materials Variance Price variance: Actual price Standard price Variance Actual quantity (lbs.) Direct materials price variance(favorable) unfavorable Quantity variance: Actual quantity used (lbs.) Standard quantity used (lbs.) Variance (lbs.) Standard price Direct materials quantity variance(favorable) unfavorable Total direct materials cost variance(favorable) unfavorable Total direct materials cost variance: Cocoa $ $ 7.33 7.25 0.08 140,300 11,224 $ 140,300 140,000 300 $7.25 2,175 $ Sugar $ $ 1.35 1.40 (0.05) 188,000 (9,400) $ 188,000 190,000 (2,000) $1.40 (2,800) $ Total $ 1,824 $ (625) 1,199

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

Step: 3

blur-text-image

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

Mergers, Acquisitions, And Corporate Restructurings

Authors: Patrick A Gaughan

6th Edition

1118997549, 9781118997543

More Books

Students also viewed these Accounting questions

Question

2. To store it and

Answered: 1 week ago