Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jason Company uses a standard costing system and has set the following standards for direct materials in order to produce one unit of its only

Jason Company uses a standard costing system and has set the following standards for direct materials in order to produce one unit of its only product: standard quantity standard price direct materials 4 pounds $16 per pound During September, Jason Company purchased 45,000 pounds of direct materials and produced 19,000 units. At September 30, Jason had 8,000 pounds remaining in its direct materials inventory. Jason Company reported the following variances for September: Direct material price variance ........ $42,000 unfavorable Direct material quantity variance ..... $54,000 unfavorable Calculate the number of pounds of direct materials in Jason's September 1 direct materials inventory.

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_2

Step: 3

blur-text-image_3

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

Effective Auditing The Simple Systems Series Book 5

Authors: Jennie Clark CQP

1st Edition

B09YHJR18Y, 979-8802614082

More Books

Students also viewed these Accounting questions

Question

explain the need for human resource strategies in organisations

Answered: 1 week ago

Question

describe the stages involved in human resource planning

Answered: 1 week ago