Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Information on Fleming Company's direct material costs follows: Actual amount of direct materials purchased and used 2 0 , 0 0 0 kilograms Actual direct

Information on Fleming Company's direct material costs follows:
Actual amount of direct materials purchased and used
20,000 kilograms
Actual direct material costs
$45,000
Standard price of direct materials
$2.90 per kilogram
What was the company's direct material price variance?
Question 1Answer
a.
$6,897, favourable
b.
$13,000, favourable
c.
$13,000, unfavourable
d.
$6,897, unfavourable

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

Introduction To Data Analytics For Accounting

Authors: Vernon Richardson, Katie Terrell, Ryan Teeter

1st Edition

126406828X, 978-1264068289

More Books

Students also viewed these Accounting questions

Question

How is the NDAA used to shape defense policies indirectly?

Answered: 1 week ago