Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need assistance only with the 3 highlighted. QUESTION Z Partially correct 5.00 points out of 8.00 P Flag question Materials Variances Assume that Pearle Vision

image text in transcribed

Need assistance only with the 3 highlighted.

QUESTION Z Partially correct 5.00 points out of 8.00 P Flag question Materials Variances Assume that Pearle Vision uses standard costs to control the materials in its made-to-order sunglasses. The standards call for 2 ounces of material for each pair of lenses. The standard cost per ounce of material is $17.00. During July, the Santa Clara location produced 5,200 pairs of sunglasses and used 9,900 ounces of materials. The cost of the materials during July Required a. Determine the flexible budget materials cost for the completion of the 5,200 pairs of glasses. 176.800 b. Determine the actual materials cost incurred for the completion of the 5,200 pairs of glasses and compute the total materials variance 170.775 x actual materials cost $ 6,025 C. How much of the total variance was related to the price paid to purchase the materials? F total materials variance d. How much of the difference between the answers to requirements (a) and (b) was related to the quantity of materials uuxt $ 8,500 F

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_2

Step: 3

blur-text-image_3

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

My Favorite Auditor Gave Me This Book

Authors: Funny Planner Publishing

1st Edition

1676058060, 978-1676058069

More Books

Students also viewed these Accounting questions