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Lilac Corporation uses standard costing. The following data are available for April: Correct answer is (D). 12,462.50 Show me how you got there with clear
Lilac Corporation uses standard costing. The following data are available for April:
Correct answer is (D). 12,462.50 Show me how you got there with clear calculations. Keep it simple. Do not make it more complicated than it already is.
Lilac Corporation uses standard costing. The following data are available for April: Actual quantity of direct materials purchased and used Standard price of direct materials Actual purchase price of direct materials Materials price variance Materials spending variance 2,200 gallons $4.00 per gallon $4.25 per gallon $3,050 unfavorable $2,000 unfavorable 6 The standard quantity of material allowed for April production is: A. 11482.35 gallons B. 51,850.00 gallons c. 11,700.00 gallons D. 12,462.50 gallons E. None of the aboveStep by Step Solution
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