Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help with these two questions. It is greatly appreciated. Here is an updated photo Thank you The company manufactured 6,000 units of B2701 for

Please help with these two questions. It is greatly appreciated.
image text in transcribed
Here is an updated photo
Thank you image text in transcribed
The company manufactured 6,000 units of B2701 for job TKL1. Relevant data for this job were as follows: Favorable total DM variance: Favorable DM price variance: $1,000 $4,000 1. How many pieces of direct material were used for the job TKL1? a. 50,000 pieces b. 55,000 pieces 60,000 pieces d. 60, 750 pieces Quo 2. What was the actual price per piece of direct material for the job TKL1? a. $3.00 b. $3.30 $3.93 $4.00 sov The following standard cost information is used by Bloomington Company for product B2701: ! Direct material: Direct labor: 10 pieces @ $4 2 hours @ $20 The company manufactured 6,000 units of BZ701 for job TKL1. Relevant data for this job were as follows: Favorable total DM variance: Favorable DM price variance: $1,000 $4,000 How many pieces of direct material were used for the job TKL1? a. 50,000 pieces b. 55,000 pieces c. 60,000 pieces d. 60, 750 pieces What was the actual price per piece of direct material for the job TKL1? a. $3.00 b. $3.30 $3.93 $4.00

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

Basic Accounting Concepts Principles And Procedures Volume 2

Authors: Gregory Mostyn, Worthy And James

1st Edition

0979149495, 9780979149498

More Books

Students also viewed these Accounting questions