Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help with requirments 1&2 Required Information [trefollowing iniormation applies to the questions displaycd befowy Warriors Company made 3.060 shelves using 22060 pounds of wood

please help with requirments 1&2
image text in transcribed
image text in transcribed
Required Information [trefollowing iniormation applies to the questions displaycd befowy Warriors Company made 3.060 shelves using 22060 pounds of wood costing 5273,544 . The company's direct materials standards for one shelf are 8 pounds of wood at $1230 per pound. Ae= Actual Quantity Q = Standard Quantity Apro Actual Price SP = Standerd Price Compute the direct materials price and quantity variarices along with the total direct materials variance. Hart applies management by exception by investigating direct materials variances of more than 5% of actual direct materials costs. Which direct materiasts variances wil Hart investigate further? Complete this question by entering your answers in the tabs below: Compute the difect materials price and quantity variances along with the total direct materials variance. (Indicate the effect of each variance by seiecting. favorable. unfavorable, or no variance.) Required Informatlon [The following information applies to the questions aispiayed below.] Warriors Company made 3.060 shelves using 22.060 pounds of wood costing $273.544. The company's direct materials standards for one shelf are 8 pounds of wood at $1230 per pound. AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice 1. Compute the direct materials price and quantity variances along with the total direct materials variance. 2. Hart applies management by exception by investigating cirect materials varlances of more than 5: of actual direct materiais costs: Which direct materias variances will Hart investigate further? Complete this question by entering your answers in the tabs below. Hart appies management by exception by investigating direct materials variances of more than 5% of actual direct materials costs. Which dinect materials variances will Hart investigate further

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

Learning Sage 50 Accounting A Modular Approach

Authors: Harvey Freedman, Carol Smith Smith

16th Edition

0176741437, 978-0176741433

More Books

Students also viewed these Accounting questions