Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following materials standards have been established for Product A: Standard quantity per unit of output: 8.3 grams Standard price: $19.15 per gram Operations for

The following materials standards have been established for Product A:

Standard quantity per unit of output: 8.3 grams

Standard price: $19.15 per gram

Operations for the month of March are as follows:

Actual materials purchased: 7,500 grams

Actual cost of materials purchased: $141,750

Actual materials used in production; 7,100 grams

Actual output: 700 grams

What is the direct materials price variance for the month?

$5,785 F

$1,875 F

$1,875 U

$5,785 U

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

Deadly Audit A Buckeye Barrister Mystery

Authors: David M Selcer

1st Edition

0988194368, 978-0988194366

More Books

Students also viewed these Accounting questions

Question

explain the need for human resource strategies in organisations

Answered: 1 week ago

Question

describe the stages involved in human resource planning

Answered: 1 week ago