Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

OrioleCompany has a materials price standard of $2.40per kilogram.3930kilograms of materials were purchased at $2.30a kilogram. The actual quantity of materials used was3570kilograms, although the

OrioleCompany has a materials price standard of $2.40per kilogram.3930kilograms of materials were purchased at $2.30a kilogram. The actual quantity of materials used was3570kilograms, although the standard quantity allowed for the output was3470kilograms.

OrioleCompany's materials price variance is

$293F.

$393U.

$357U.

$393F.

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

Essentials Of Accounting For Governmental And Not-for-Profit Organizations

Authors: Paul Copley

14th Edition

1260570177, 978-1260570175

More Books

Students also viewed these Accounting questions

Question

1. Background knowledge of the subject and

Answered: 1 week ago

Question

2. The purpose of the acquisition of the information.

Answered: 1 week ago