Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help me solve all questions Assembly of product P13 requires one unit of component X, two units of component Y, and four units of component

Help me solve all questions

image text in transcribed
Assembly of product P13 requires one unit of component X, two units of component Y, and four units of component Z. Job J372 produced 210 units of P13. The following information pertains to material variances for this job, analyzed by component (Click on the icon to view the material variances.) The actual material prices were $0.40 more, $0.20 less, and $0.30 more per unit for components X, Y, and Z, respectively, than their standard material prices per unit. Requirements (a) Determine the number of materials units consumed of each type of component (b) Determine the standard materials price per unit of each type of component - X Requirement (a) Determine the number of materials units consumed of each type of component. (Abbreviations us Data table Determine the formula to compute the material price variance. AP SP ) X AQ Material price variance Component Now, compute the number of materials units consumed of each type of component. (Round your answers to one de X Y Z X Y Z Price variance 256 U 146 F 123 U Units 640 730 410 Quantity variance 180 U 86 U 72 F Requirement (b) Determine the standard materials price per unit of each type of component (Abbreviations used.) Determine the formula to compute the material quantity variance. Print Done AQ SQ )x SP = Material quantity variance

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_2

Step: 3

blur-text-image_3

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

Understanding Corporate Annual Reports

Authors: William Pasewark

7th Edition

0073526932, 9780073526935

More Books

Students also viewed these Accounting questions

Question

2. To store it and

Answered: 1 week ago