Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Silicone Engine Inc. produced 490 tablets during December. However, due to LCD defects, the company actually used 510 LCD displays during December. Each display has

Silicone Engine Inc. produced 490 tablets during December. However, due to LCD defects, the company actually used 510 LCD displays during December. Each display has astandard costof $6.80. 510 LCD displays were purchased for December production at a cost of $2,925.

I have to find the price variance, quantity variance, and total direct materials cost variance. My answers were: -540.6, 136, and -404. However, it says that the first and the last are incorrect. Please help.

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

Managerial Accounting

Authors: Wendy M. Tietz, Louis Beaubien, Karen W. Braun

3rd Canadian edition

134460826, 134460820, 9780134524818 , 978-0134526270

More Books

Students also viewed these Accounting questions

Question

Be straight in the back without blowing out the chest

Answered: 1 week ago

Question

Wear as little as possible

Answered: 1 week ago

Question

Be relaxed at the hips

Answered: 1 week ago