Question
The standard price of materials is $3.6 per pound and the standard quantity allowed for actual output is 5,780 pounds. If the actual quantity purchased
The standard price of materials is $3.6 per pound and the standard quantity allowed for actual output is 5,780 pounds. If the actual quantity purchased and used was 5,100 pounds, and the actual price per pound was $4.4, the direct materials quantity variance is ___________
Indicate whether the variance is F (favorable) or U (Unfavorable) by placing the letter next to the amount. For example, if your answer is 1,000 Favorable, answer 1000F, Do not use a space between the amount and the letter. Show your answer as an absolute number (no negative signs)
The standard price of materials is $3.6 per pound and the standard quantity allowed for actual output is 5,780 pounds. If the actual quantity purchased and used was 5,100 pounds, and the actual price per pound was $4.4, the direct materials quantity variance is ___________
Indicate whether the variance is F (favorable) or U (Unfavorable) by placing the letter next to the amount. For example, if your answer is 1,000 Favorable, answer 1000F, Do not use a space between the amount and the letter. Show your answer as an absolute number (no negative signs)
Please show your work! And if you could explain why your answer is Favorable or Unfavorable. Thank you!!!
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