Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

STI Industries manufactures two types of industrial staplers, small and regular. During October, STI purchased direct materials to produce its staplers. The quantity purchased equaled

STI Industries manufactures two types of industrial staplers, small and regular. During October, STI purchased direct materials to produce its staplers. The quantity purchased equaled the quantity used. Related information for direct materials is as follows: Direct materials Standard ounces per unit Standard price per ounce Actual quantity purchased (used) per unit Actual price per ounce Materials price variance Materials usage variance Total materials variance Number of units produced Small Stapler 12 $2.00 $2.50 $1,000 U $800 F b 200 Regular Stapler C $2.50 16.75 $2,80 $2,010 U d $1,260 U 400 Required: Complete the above table. That is, clearly label and show your detailed calculations of items a b, c, and d.
image text in transcribed
SII Industries manufactures two types of industrial staplers, small and regular. During October, STI purchasod direct materials to produce its stapiers. The quantify purchancd coualed the guantity used. Related inforration for direct materials is as follows. Requirrd: Complete theshowe tabic That is, clearly label and show your detailed calculations of items a. b. c, thet it

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

Accounting And Financial System Reform In Eastern Europe And Asia

Authors: Robert W. McGee, Galina G. Preobragenskaya

2nd Edition

0387257098, 9780387257099

More Books

Students also viewed these Accounting questions

Question

Id probably just get more upset. Its bett er to just drop it.

Answered: 1 week ago