Answered step by step
Verified Expert Solution
Question
1 Approved Answer
managerial accounting Use the following information to answer questions 1-4. Canandaigua Container Company manufactures recyclable soft-drink cans. The following standards have been set by the
managerial accounting Use the following information to answer questions 1-4. Canandaigua Container Company manufactures recyclable soft-drink cans. The following standards have been set by the production-engineering staff and the controller: Direct Material: Price: $16.5 per kilogram Quantity: 590 kilogram Direct Labor Rate: $12/hour Efficiency: 650 hour Actual material purchased and cost incurred for both direct material and direct labor were as follows: Direct Material: Price: $17.7 per kilogram Quantity (Used): 630 kilogram Quantity (Purchased):640 kilogram Direct Labor: Rate: $13.5 per hour Efficiency: 680 working hours Required: Calculate direct-material price variance. (favorable or unfavorable) 1- Select one: O a. 756 U O b.-756 F c. 708 U d. -708 F on 2 2-Calculate direct material quantity variance. (favorable or unfavorable) et ered ked out of Select one: A. 660 U stion B.-660 F C. 885 U D.-885 F 3-Calculate direct-material total variance. (favorable or unfavorable) tof Select one: O A. 1,416 V B. -1,416 F O C. 1,593 U D. -1,593 F 4-Calculate the direct material purchase price variance on 4 et ered ed out of Flag stion Select one: A. 768 U B. -768 F C. 885 U D.-885 F Finish attempt
managerial accounting
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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