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Information concerning Johnston Company's direct materials costs is as follows: Standard price per pound $ 6.85 Actual quantity purchased 2,970 pounds Actual quantity used in
Information concerning Johnston Company's direct materials costs is as follows:
Standard price per pound | $ 6.85 | |
---|---|---|
Actual quantity purchased | 2,970 | pounds |
Actual quantity used in production | 2,870 | pounds |
Units of product manufactured | 740 | |
Materials purchase-price variancefavorable | $ 895 | |
Budget data for the period: | ||
Units to manufacture | 1,040 | |
Units of direct materials | 4,160 | pounds |
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