Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The standard amount of materials required to make one unit of Product Q is 4 pounds. The Luisas Ravioli Company static budget showed a planned

The standard amount of materials required to make one unit of Product Q is 4 pounds. The Luisas Ravioli Company static budget showed a planned production of 3,800 dozen of ravioli. During the period, the company actually produced 4,100 dozen of ravioli. The actual amount of materials used averaged 3.9 pounds per dozen. The standard price of material is $1 per pound. Based on this information, the materials usage variance was:

a. $410 favorable.b. $380 favorable c. $380 unfavorable d $410 unfavorable.

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

Integrated Audit Practice Case

Authors: David S. Kerr, Randal J. Elder, Alvin A. Arens

5th Edition

0912503351, 9780912503356

More Books

Students also viewed these Accounting questions

Question

What moral and ethical boundaries would you place on business?

Answered: 1 week ago

Question

find all matrices A (a) A = 13 (b) A + A = 213

Answered: 1 week ago

Question

Discuss the value of adult learning theory to HRD interventions

Answered: 1 week ago

Question

Conduct a task analysis for a job of your choosing

Answered: 1 week ago