Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 05, 2024

Question 9 (1 point) The following data relate to direct materials cost for October 2020: Standard costs (5,000 lbs. @ $2 per Ibs.) Actual costs

Question 9 (1 point) The following data relate to direct materials cost for October 2020: Standard costs (5,000 lbs. @ $2 per Ibs.) Actual costs (5,100 lbs. @ $3 per lbs.)) $10,000 15,300 What is the direct materials price variance? $200 favorable. $200 unfavorable. ($5,100 favorable. $5.100 unfavorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Suppose that an event A of a sample space is independent of Bi, i = 1, 2,, where {Bi} is a sequence of pairwise disjoint events of the same space. Show that the events A and B = i=1 Bi are...

Answered: 1 week ago

Question

★★★★★

Code Churn is a common metric used to measure the efficiency and productivity of software engineers and computer programmers. It?s usually measured as the percentage of a programmer?s code that must...

Answered: 1 week ago

Question

★★★★★

The accounting records of Clay?'s Appliances included the following balances at the end of the? period: Estimated Warrenty Payable Beg Bal 3000 Sales Revenue 110,000 Warranty Expense In the?...

Answered: 1 week ago

Question

★★★★★

Use the following to answer questions 1 - 5 For the next few weeks RAD Ad Agency is offering a 15% trade discount when providing advertising services of $30,000 or more to its customers to encourage...

Answered: 1 week ago

Question

★★★★★

Ken is 63 years old and unmarried. He retired at age 55 when he sold his business, Understock.com. Though Ken is retired, he is still very active. Ken reported the following financial information...

Answered: 1 week ago

Question

★★★★★

The following accounts were taken from Henry Company's unadjusted trial balance at December 31, 2027: Accounts payable $59,000 Accounts receivable $47,000 Cash $36,000 Common stock $52,000 Cost of...

Answered: 1 week ago

Question

★★★★★

Determine the price of a $1.6 million bond issue under each of the following independent assumptions: 1. Maturity 10 years, interest paid annually, stated rate 8%, effective (market) rate 10%. 2....

Answered: 1 week ago

Question

★★★★★

UMPI's Potatoes produces ready-to-eat mashed potatoes for resale at food stores. UMPI expected to use 0.40 direct labor hours to produce one unit (batch) of product at a cost of $7.50 per hour....

Answered: 1 week ago

Question

★★★★★

Rather than mention the minimum effort he had put into the assignment Jeremy told his manager that he had lost the client because it was the wrong time of the year to ask for new business Jeremy...

Answered: 1 week ago

Previous Question Next Question