Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Manzana Company produces apple juice sold in galions, Recenth, the company adoptad che following material standard for one gallon of its apple juice: Direct materiais
Manzana Company produces apple juice sold in galions, Recenth, the company adoptad che following material standard for one gallon of its apple juice: Direct materiais 128 ot. 50,03=$3.84 During the first week of operation, the company experienced the following results: a. Gallon units produced: 24,000 . b. Cunces of materials purchased and used: 2,690,000 ounces at $0.055. c. No beginning or ending inventories of row materials. Requifed: Noteq Enter favarable values as negative numbers. Eniter unfovorable values as popthver numbers. 1. Compute the materials price variance. 2. Compute the materlal5 usage variance. 3. During the second week, the materials usage variance was 54,000 unthvorabin and the materlais price variance was \$24,0co unfavorable, the company purchased and used 2,015,000 ounces of material during this weec. How many gallons of julce mere producedi It required, round your answer to nearest whole value. gallens. What was the actual price paid per ounce of materias? found your answer to the nearest cent. per ounce
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