Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 27, 2024

Oriole Enterprises purchased 64,000 gallons of direct materials during the year at a price of $2.00 per gallon. Orioles direct materials price variance was $6,400

Oriole Enterprises purchased 64,000 gallons of direct materials during the year at a price of $2.00 per gallon. Orioles direct materials price variance was $6,400 Favorable. Calculate the standard price per gallon of direct materials.

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

Recommended Textbook for

Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

23rd Edition

978-0324662962

More Books

Students also viewed these Accounting questions

Question

★★★★★

Vulcan Company is a monthly depositor whose tax liability for March 2016 is $2,505. 1. What is the due date for the deposit of these taxes? ..._________ 2. Assume that no deposit was made until May...

Answered: 1 week ago

Question

★★★★★

ethical egoism and its relationship with software engineering.

Answered: 1 week ago

Question

★★★★★

Provide an example of a descending Hierarchy of Data Validation/Lookup Tables.

Answered: 1 week ago

Question

★★★★★

The Sendai Co., Ltd. of Japan has budgeted costs in its various departments as follows for the coming year: The Japanese currency is the yen, denoted by. The company allocates service department...

Answered: 1 week ago

Question

★★★★★

Oriole Enterprises purchased 64,000 gallons of direct materials during the year at a price of $2.00 per gallon. Orioles direct materials price variance was $6,400 Favorable. Calculate the standard...

Answered: 1 week ago

Question

★★★★★

Question 1 An absorption tower is used to remove contaminant A from the effluent of a wastewater stream. Here a solvent is contacted with the gas stream so that the concentration of contaminant in...

Answered: 1 week ago

Question

★★★★★

How can job costs be misrepresented? a.) Recording cost information for cost control. b.) Stating the level of completion to show performance. c.) Charging costs to the wrong jobs. d.) Assigning...

Answered: 1 week ago

Question

★★★★★

What are the major considerations for initiating a logistics alliance? In implementation? In maintenance?

Answered: 1 week ago

Question

★★★★★

Edward Lee manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of a 250-litre batch: 120.00 litres of grape concentrate...

Answered: 1 week ago

Question

★★★★★

Required information Exercise 2-23 (Algo) Analyzing a trial balance error LO P1 [The following information applies to the questions displayed below.] You are told the column totals in a trial balance...

Answered: 1 week ago

Question

★★★★★

Irvin Dempski owns and operates Adventure Travel Agency. The assets and liabilities of Adventure Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as follows: Accounts...

Answered: 1 week ago

Question

★★★★★

2. How does self-interest help achieve societys economic goals? Why is there such a wide variety of desired goods and services in a market system? In what way are entrepreneurs and businesses at the...

Answered: 1 week ago

Question

★★★★★

1. Contrast how a market system and a command economy try to cope with economic scarcity. LO2.1

Answered: 1 week ago

Question

★★★★★

LO2.2 List the main characteristics of the market system.

Answered: 1 week ago

Previous Question Next Question