Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 12 4 pts Mystic Falls Inc. Mystic Falls Inc. bottles and sells a popular soft drink. In 2011, the company had expected to sell

image text in transcribed
Question 12 4 pts Mystic Falls Inc. Mystic Falls Inc. bottles and sells a popular soft drink. In 2011, the company had expected to sell 1,000,000 bottles but actually bottled and sold 900,000 bottles. The standard direct materials cost for each bottle is $.40 comprised of 10 ounces at a cost of $.04 per Ounce. During 2011, 10,000,000 ounces of material were purchased out of which 9,200,000 Ounces were used at a cost of $.05 per ounce. Refer to the Mystic Falls Inc. Information above. The direct materials usage variance for 2011 was: 58,000 $ 8.000 $40.000 U. $40.000 F

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

More Books

Students also viewed these Accounting questions

Question

Describe three other types of visual aids.

Answered: 1 week ago