Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Squeaky Clean produces commercial strength cleansing supplies. Two of its main products are window cleanser that uses ammonia, and floor cleanser that uses bleach. Information

image text in transcribedimage text in transcribed

Squeaky Clean produces commercial strength cleansing supplies. Two of its main products are window cleanser that uses ammonia, and floor cleanser that uses bleach. Information for the most recent period follows: Window Cleaner Floor Cleaner Product Names (ammonia) (bleach) Direct materials information Standard ounces per unit 14 oz. 28 oz. Standard price (SP) per ounce $0.75 ? Actual quantity (AQ) used per unit 26 oz. 19 oz. Actual price (AP) paid for material $2.25 $0.90 Actual quantity purchased (AQP) and used 1,400 oz. 2,600 oz. Price variance ? $780 U Quantity variance $13,500 U Price variance Quantity variance Flexible budget variance Number of units produced What is the direct materials price variance for ammonia? ? $13,500 U ? 500 $780 U ? $3,000 F 700 O A. $19,500 unfavorable O B. $2,100 unfavorable OC. $2,100 favorable OD. $19,500 favorable

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

Auditing Trust And Governance Developing Regulation In Europe

Authors: Reiner Quick, Stuart Turley, Marleen Willekens

1st Edition

0415448905, 9780415448901

More Books

Students also viewed these Accounting questions

Question

6. Does your speech have a clear and logical structure?

Answered: 1 week ago