Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Turrublates Corporation makes a product that uses a material with the following standards: Standard quantity 7.2 liters per unit Standard price $ 1.70 per liter

image text in transcribed

Turrublates Corporation makes a product that uses a material with the following standards: Standard quantity 7.2 liters per unit Standard price $ 1.70 per liter Standard cost $12.24 per unit The company budgeted for production of 3,000 units In April, but actual production was 3,100 units. The company used 23,000 liters of direct material to produce this output. The company purchased 19,300 liters of the direct material at $1.8 per liter. The direct materials purchases variance is computed when the materials are purchased. The materials quantity varlance for April is: Multiple Choice $1,224 U O O $1,156 U $1,224 F O $1,156 F

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

Internal Auditing An Integrated Approach

Authors: Richard Cascarino

3rd Edition

1485110599, 978-1485110590

More Books

Students also viewed these Accounting questions

Question

it is always the case that

Answered: 1 week ago