Question
In its first month of business, Multiplex Corporation purchased 40,000 pounds of material for $3.40 a pound. The company used 38,000 pounds of the material
In its first month of business, Multiplex Corporation purchased 40,000 pounds of material for $3.40 a pound. The company used 38,000 pounds of the material to produce 18,000 units of its one product. Multiplex uses a standard cost system and its standard quantity and price per unit is 2 pounds at $3.50 per pound.
What was the material efficiency variance for the month?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
