Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Lemon Tree Inc. has gatherd the following data for one of its products: Direct materials standard (2 pounds per unit @ $0.41/lb.) Actual direct
Lemon Tree Inc. has gatherd the following data for one of its products: Direct materials standard (2 pounds per unit @ $0.41/lb.) Actual direct materials purchased Actual Direct Materials Used (AQU) Actual Price (AP) paid per pound How much is the direct materials price variance? $0.82 per finished good 39,000 pounds 20,000 pounds $0.55 OA. $2,800 favorable B. $5,460 unfavorable Oc. $2,800 unfavorable OD. $5,460 favorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started