Question
IvanhoeManufacturing Company purchased14800switches to make6400units. The standard allows for2switches per unit. The company actually used15300to produce the6400units.Ivanhoebudgeted $0.73per switch but had to pay $0.78per switch.
IvanhoeManufacturing Company purchased14800switches to make6400units. The standard allows for2switches per unit. The company actually used15300to produce the6400units.Ivanhoebudgeted $0.73per switch but had to pay $0.78per switch. What isIvanhoe's direct materials price variance for the period?
$520unfavorable
$765unfavorable
$740unfavorable
$640unfavorable
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Comparative International Accounting
Authors: Christopher Nobes, Robert Parker
14th Edition
1292296461, 978-1292296463
