Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Question 3 Y operates a standard marginal costing system. The following budgeted and standard cost information is available: Budgeted production and sales 10,000 units Direct
Question 3 Y operates a standard marginal costing system. The following budgeted and standard cost information is available: Budgeted production and sales 10,000 units Direct material cost - 3 kg x $10 $30 per unit Actual results for the period were as follows: Production and sales 11,500 units Direct material - 36,000 kg $342,000 The direct material usage variance is A. $15,000 adverse B. $14,250 adverse C. $14,250 favourable D. $15,000 favourable
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/668e25b417d9b_795668e25b3ae2f8.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