Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need assistance with the below, the 3 items that are highlighted in yellow are INCORRECT, please show how to get the CORRECT ANSWER. QUESTION
I need assistance with the below, the 3 items that are highlighted in yellow are INCORRECT, please show how to get the CORRECT ANSWER.
QUESTION Z Partially correct 5.00 points out of 8.00 P Flag question Materials Variances Assume that Pearle Vision uses standard costs to control the materials in its made-to-order sunglasses. The standards call for 2 ounces of material for each pair of lenses. The standard cost per ounce of material is $17.00. During July, the Santa Clara location produced 5,200 pairs of sunglasses and used 9,900 ounces of materials. The cost of the materials during July Required a. Determine the flexible budget materials cost for the completion of the 5,200 pairs of glasses. 176.800 b. Determine the actual materials cost incurred for the completion of the 5,200 pairs of glasses and compute the total materials variance 170.775 x actual materials cost $ 6,025 C. How much of the total variance was related to the price paid to purchase the materials? F total materials variance d. How much of the difference between the answers to requirements (a) and (b) was related to the quantity of materials uuxt $ 8,500 F
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