Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 29, 2024

The standard costs and actual costs for direct materials for the manufacture of 2,340 actual units of product are as follows: Standard Costs Direct materials

The standard costs and actual costs for direct materials for the manufacture of 2,340 actual units of product are as follows: Standard Costs Direct materials 2,340 kilograms at $8.90 Direct materials Actual Costs 2,400 kilograms at $8.00 The direct materials quantity variance is Oa. $534 favorable Ob. $534 unfavorable Oc. $427 favorable Od. $427 unfavorable

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

Recommended Textbook for

Auditors Guide To Information Systems Auditing

Authors: Richard E. Cascarino

1st Edition

0470009896, 978-0470009895

More Books

Students also viewed these Accounting questions

Question

★★★★★

Below are the account balances of Bruins Company at the end of November. Required: Prepare a trial balance by placing amounts in the appropriate debit or credit column and determining the balance of...

Answered: 1 week ago

Question

★★★★★

=+8.14. Show by example that the coupled chain in the proof of Theorem 8.6 need not be irreducible if the original chain is not aperiodic.

Answered: 1 week ago

Question

★★★★★

The average age of engineering students at graduation is a little over 23 years. This means that the working career of most engineers is almost exactly 500 months. How much would an engineer need to...

Answered: 1 week ago

Question

★★★★★

The ledger of Mai Company includes the following accounts with normal balances as of December 31: D. Mai, Capital $9,300; D. Mai, Withdrawals $950; Services Revenue $16,000; Wages Expense $9,900; and...

Answered: 1 week ago

Question

★★★★★

Auditing homework, please help sertion being tested. the materials 3-12 (3-31 Required: For audit procedures 1-4, identify the primary assertion beind For each of the following scenarios, perform the...

Answered: 1 week ago

Question

★★★★★

Income Statement for the ear Ended 3 0 Net Saies ( All on Credit ) . 7 4 1 8 COGS. 5 2 7 1 Depreciation. 7 4 5 EBIT 1 4 0 2 Interest. 3 0 5 . Taxes 3 8 4 Net Incorne. 7 1 3 Dividends paid 2 5 0...

Answered: 1 week ago

Question

★★★★★

When prioritizing risk, what are the two primary criteria that need to be determined for analyzing the level of risk for a particular event? Using these two criteria, how would you describe the risk...

Answered: 1 week ago

Question

★★★★★

Tanya ( born 1 0 - 3 1 - 9 0 ) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya can claim adjustments of $ 8 0 0 for her...

Answered: 1 week ago

Question

★★★★★

Bugs NoMore Company manufactures a product effective in controlling beetles. The company uses a standard cost system and a flexible budget. Standard cost of a gallon is as follows: Direct material: 2...

Answered: 1 week ago

Question

★★★★★

Your director at the department of Home Affairs has appointed you as the lead project manager for a project to rollout the new card type identification to all South African citizens, replacing the...

Answered: 1 week ago

Question

★★★★★

Discuss consumer-driven health plans.

Answered: 1 week ago

Question

★★★★★

Evaluate the importance of a health navigator to healthcare consumers.

Answered: 1 week ago

Question

★★★★★

Examine the role of allied health professionals in the healthcare industry.

Answered: 1 week ago

Previous Question Next Question