Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 30, 2024

Shevlin Enterprises purchased 60,000 gallons of direct materials during the year at a price of $2.75 per gallon. Shevlins direct materials price variance was $6,000

Shevlin Enterprises purchased 60,000 gallons of direct materials during the year at a price of $2.75 per gallon. Shevlins direct materials price variance was $6,000 Unfavorable. Calculate the standard price per gallon of direct materials.

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

Recommended Textbook for

Readings In Management Accounting

Authors: S. Mark Young

6th Edition

0137025033, 978-0137025039

More Books

Students also viewed these Accounting questions

Question

★★★★★

The median starting salary for new law school graduates is determined by Log (salary) = (0 + (1. LSAT + (2 GPA + ((3 log (libvol) + (4log (cost) + (5 rank + u, Where LSAT is the median LSAT score for...

Answered: 1 week ago

Question

★★★★★

15. A club basketball team will play a 60-game season. Thirty-two of these games are against class A teams and 28 are against class B teams. The outcomes of all the games are independent. The team...

Answered: 1 week ago

Question

★★★★★

4. Which of the following is the correct name for the idea that certain firms prefer government regulation because regulation shields them from the pressures of competition and, in effect, guarantees...

Answered: 1 week ago

Question

★★★★★

During 2013, Zeff Corporation sold marketable securities for $14,000 that had a carrying value of $13,000 at the time of sale. The financial statements of Zeff Corporation reveal the following...

Answered: 1 week ago

Question

★★★★★

Question 7. 7. Which of the following is not a factor considered in determining coverage of interstate employees? (Points : 2) Location of base of operations Place where work is localized Location of...

Answered: 1 week ago

Question

★★★★★

The relationship of $389,648 to $124,941, expressed as a ratio, is a. 4.6 Ob. 0.8 O c. 1.5 d. 3.1 The relationship of $389,648 to $124,941, expressed as a ratio, is a. 4.6 b. 0.8 c. 1.5 d. 3.1

Answered: 1 week ago

Question

★★★★★

A friend has asked you to help him figure out a statement he received from his broker. It seems that that at the start of last year, your friend paid $900 for a bond and sold it at the end of the...

Answered: 1 week ago

Question

★★★★★

You are told that P(A) = 0.4, P(B) = 0.5 and P(A or B) = 0.68 What is the value of P(A and B)? Please provide your answer in decimal form or percentage form, correctly rounded to two decimal places.

Answered: 1 week ago

Question

★★★★★

Trish Harris has deposited $2500 today in an account paying 6 per cent interest annually. What would be the simple interest earned on this investment in five years? If the account paid compound...

Answered: 1 week ago

Question

★★★★★

Mr. Lee was intending to enroll in MaxCares Medicare Advantage plan this year. However, due to his current medical condition, his daughter Debbie has been appointed as his legal representative over...

Answered: 1 week ago

Question

★★★★★

Critically assess section 4 [Exclusions] of Ghanas Electronic Transactions Act, 2008 (Act 772) in terms of its effect on e-commerce technology innovation in Ghana in the light of the UNCITRAL Model...

Answered: 1 week ago

Previous Question Next Question