Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marigold Corp. has a materials price standard of $ 3 per pound. 4 0 0 0 pounds of materials were purchased at $ 3 .

Marigold Corp. has a materials price standard of $3 per pound. 4000 pounds of materials were purchased at $3.20 a pound. The actual quantity of materials used was 4000 pounds while the standard quantity allowed for the output was 3500 pounds.
Marigold Corp.'s materials quantity variance is
$1600U.
$1500U.
$1500F.
$1600F.
image text in transcribed

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

Step: 3

blur-text-image

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

Special Edition Of Managerial Accounting Volume 2 For Miami Dade College

Authors: WilD

4th Edition

0077542711, 978-0077542719

More Books

Students also viewed these Accounting questions