Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started