Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following standard direct material cost/unit have been established for product N90: 5 pounds of direct material at $10 per pound During June 1,000 units

The following standard direct material cost/unit have been established for product N90:

5 pounds of direct material at $10 per pound

During June 1,000 units of product N90 were made, and the quantity variance is favorable $2,000 and price variance is Unfavorable $4,800. All direct material purchased in June was used for producing the 1,000 units. How many pounds of direct material were actually used during June?

Group of answer choices

none of the other answers

4,800 pounds

1,000 pounds

5,000 pounds

image text in transcribed

The following standard direct material cost/unit have been established for product N90: 5 pounds of direct material at $10 per pound During June 1,000 units of product N90 were made, and the quantity variance is favorable $2,000 and price variance is Unfavorable $4,800. All direct material purchased in June was used for producing the 1,000 units. How many pounds of direct material were actually used during June? none of the other answers 4,800 pounds 1,000 pounds 5,000 pounds

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 What the Numbers Mean

Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,

9th Edition

978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062

Students also viewed these Accounting questions