Question
The total materials cost of producing 200 labtops is $4,000 consisting of 400 pounds of materials at $10 per pound. The standard cost of each
The total materials cost of producing 200 labtops is $4,000 consisting of 400 pounds of materials at $10 per pound. The standard cost of each unit was 3 pounds of material costing $8 per pound. Calculate the materials price variance.
a. $1,600 Favorable
b. $1,600 Unfavorable
c. None of these
d. $800 Favorable
e. $800 unfavorable
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Financial Accounting For Decision Makers
Authors: Dr Peter Atrill, Eddie Mclaney, Sin Autor
5th Edition
1405888210, 9781405888219
