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Thistle Company's variance report for the purchasing department was partially prepared by the company's intern. Unfortunately, the intern is on spring break this week and
Thistle Company's variance report for the purchasing department was partially prepared by the company's intern. Unfortunately, the intern is on spring break this week and another accountant has been asked to complete the variance report. What amount should be reported under "Actual price" for bricks? Raw material Quantity purchased Actualprice Standard price Price variance Cement ? lbs. $10.40 $10.00 $11,000? Bricks 7,000 lbs. 6.60 2,100 U Filler 22,000 lbs. 0.80 ? 1,320 F O $6.30 O $6.90 O $3.03 O $9.60
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