Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer requirements 1-4 bottom two pics are updated Alest the movimerts Requirements 1. What in the and obei per gam er the uperad alyy

please answer requirements 1-4 image text in transcribed
image text in transcribed
image text in transcribed
bottom two pics are updated
Alest the movimerts Requirements 1. What in the and obei per gam er the uperad alyy that Colegiate frope purchated lut morit? 2. What ia fra diect nabeial prke varanse? exirg the diect mateial quarier vaionce? Requirements 1. What is the actual cost per gram of the special alloy that Collegiate Rings purchased last month? 2. What is the direct material price variance? 3. What is the direct material quantity variance? 4. How might the direct material price variance for the company last month be causing the direct material quantity variance? Collegiale Fings produces class rings. Its best-seling model has a direct materlals standard of 13 grams of a special aloy per ring This spocial alloy has a standact cost of $65. 40 per gram. In she past month, the company purchased 13,700 grams of this alloy at a total cost of $891,870. A total of 13,500 grams were used last month to produce 1,000 rings Read the ceduirements. Requirement 1. What is the actual cost per gram of the special alloy that Colegiate Rings purchased last month? (Round your answer to the nearest cent.) The actual cost per gram of the special alloy that Collegiate Pungs purchased last month is Requirements 1. What is the actual cost per gram of the special alloy that Collegiate Rings purchased last month? 2. What is the crect material price varlance? 2. What is the direct material quanely variance? 4. How might the direct material price variance for the company tast month be cauning the drect materal quantidy variance? Alest the movimerts Requirements 1. What in the and obei per gam er the uperad alyy that Colegiate frope purchated lut morit? 2. What ia fra diect nabeial prke varanse? exirg the diect mateial quarier vaionce? Requirements 1. What is the actual cost per gram of the special alloy that Collegiate Rings purchased last month? 2. What is the direct material price variance? 3. What is the direct material quantity variance? 4. How might the direct material price variance for the company last month be causing the direct material quantity variance? Collegiale Fings produces class rings. Its best-seling model has a direct materlals standard of 13 grams of a special aloy per ring This spocial alloy has a standact cost of $65. 40 per gram. In she past month, the company purchased 13,700 grams of this alloy at a total cost of $891,870. A total of 13,500 grams were used last month to produce 1,000 rings Read the ceduirements. Requirement 1. What is the actual cost per gram of the special alloy that Colegiate Rings purchased last month? (Round your answer to the nearest cent.) The actual cost per gram of the special alloy that Collegiate Pungs purchased last month is Requirements 1. What is the actual cost per gram of the special alloy that Collegiate Rings purchased last month? 2. What is the crect material price varlance? 2. What is the direct material quanely variance? 4. How might the direct material price variance for the company tast month be cauning the drect materal quantidy variance

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

Intermediate Accounting

Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones

11th edition

978-0538467087, 9781111781262, 538467088, 1111781265, 978-0324659139

More Books

Students also viewed these Accounting questions