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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
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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 $6,000Step by Step Solution
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