Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Question 1 3 pts Patriot Company produces flak packets for military use. The company recently adopted a standard costing system and set the following standards
Question 1 3 pts Patriot Company produces flak packets for military use. The company recently adopted a standard costing system and set the following standards for materials knowns Ballistic Nylon Direct material standards: ? yards of nylon $4 per yard $32 per unit During the most recent month, Patriot produced 5,500 units of fak jackets. Actual materials purchased and used were 40,000 yards of nylon at the price of $3.80 pervard What are the (1) direct material price variance and (2) direct material quantity usage) varlance? 001) $8,000 U. (27516,000 F (1) $16.000 .0258.800 F (13516.800 123 58.300 F 01 58.000 F: $16.000 F
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66908261d2e5a_593669082616b5f5.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started