Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I just need proper work shown for this answer. I have the correct answer down below. 1. DM Price Variance: $2,700F 2. DM Quantity Variance

image text in transcribed
I just need proper work shown for this answer. I have the correct answer down below.
1. DM Price Variance: $2,700F
2. DM Quantity Variance $38,700U
Star Corporation reported the following standards for direct material for the year: Standard cost per gram $64.50/gram Standard quantity per unit 8 grams per unit In the past month, the company purchased 9,000 grams of material at a total cost of $577,800. A total of 8,600 grams were used to produce 1,000 units. Calculate the direct material price variance and the direct material quantity variance. What is the total direct material 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

Students also viewed these Accounting questions

Question

3. Comment on how diversity and equality should be managed.

Answered: 1 week ago

Question

describe the legislation that addresses workplace equality

Answered: 1 week ago