Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Precilla Company uses a standard costing system that allows 2 pounds of direct materials for one finished unit of product. During July, the company purchased
Precilla Company uses a standard costing system that allows 2 pounds of direct materials for one finished unit of product. During July, the company purchased 41,000 pounds of direct materials for $220,000, and manufactured 12,100 finished units. The standard direct materials cost allowed for the units manufactured is $133,100. The performance report shows that Pricilla has an unfavorable direct materials usage variance of $6,050. Also, the company records any price variance for materials at time of purchase. The actual number of pounds (AQ) of direct materials used to produce July's output, to the nearest whole number, was
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started