Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If the standard quantity of materials is 85,000 units at $0.14 per unit and the actual quantity is 95,500 units at $0.11 per unit, then

If the standard quantity of materials is 85,000 units at $0.14 per unit and the actual quantity is 95,500 units at $0.11 per unit, then the materials price variance is:

Multiple Choice

  • $1,470 Unfavorable.
  • $2,865 Unfavorable.
  • $1,395 Favorable.
  • $2,865 Favorable.

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

Financial Accounting

Authors: Anne Britton, Chris Waterston

5th edition

273719300, 273719304, 978-0273719304

More Books

Students also viewed these Accounting questions

Question

Name four things to avoid in adjustment letters.

Answered: 1 week ago