Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Solve ASAP please The following information is for Euclid Corporation: Direct Materials(measured in pounds). Budgeted direct material cost per pound $25 $26 Actual direct material

Solve ASAP please

image text in transcribedimage text in transcribed

The following information is for Euclid Corporation: Direct Materials(measured in pounds). Budgeted direct material cost per pound $25 $26 Actual direct material cost per pound Budgeted direct material per unit Actual direct materials used Actual units of output 3 pounds 8,300 pounds 2,770 units What is the direct material price variance? O A) $8,300 Favorable O B) $250 Unfavorable C) $250 Favorable D) $8,300 Unfavorable Riverside Industries has three product lines: A, B and C. The following information is available: Product B $90,000 68,000 Product C $44,000 35,000 9,000 42,000 Product A Sales $100,000 Variable costs 76,000 Contribution 24,000 margin Avoidable fixed 9,000 costs Unavoidable fixed 6,000 costs Operating income(loss) $9,000 18,000 3,000 2,000 7,700 $(5,000) $(1,700) Riverside Industries is thinking about dropping Product B because it is reporting a loss. Assume Riverside Industries drops Product B and does not replace it. What will happen to operating income? OA) decrease $4,000 B) increase $2,400 C) decrease $9,000 D) decrease $6,000

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

Principles Of Accounting Volume 1 Financial Accounting

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

1st Edition

1593995946, 978-1593995942

More Books

Students also viewed these Accounting questions

Question

16.3 Describe the purpose of Canadian labour laws.

Answered: 1 week ago

Question

16.6 Outline the three waysto obtain union recognition.

Answered: 1 week ago

Question

16.5 Describe the five steps in a union organizing campaign.

Answered: 1 week ago