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PLEASE ANSWER QUESTION! 1) Use this information for the next two questions: Bridgeware Company has a materials price standard of $6.00 per pound. Two thousand
PLEASE ANSWER QUESTION!
1) Use this information for the next two questions:
Bridgeware Company has a materials price standard of $6.00 per pound. Two thousand pounds of materials were purchased at $6.60 a pound. The actual quantity of materials used was 1,600 pounds, although the standard quantity allowed for the output was 1,800 pounds.
Bridgeware Company's materials price and quantity variances (respectively) are:
A) $1,080 F and $1,200 U
B) $1,200 U and $1,200 F
C) $1,080 U and $1,320 F
D) $1,200 F and $1,320 U
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