Answered step by step
Verified Expert Solution
Question
1 Approved Answer
use the following information for the next 2 questions: This month, a company manufactured 3,900 units of products, using 2,340 kilograms of plastic. The plastic
use the following information for the next 2 questions: This month, a company manufactured 3,900 units of products, using 2,340 kilograms of plastic. The plastic cost the company, in total, $15,444. According to the standard cost card, each unit of product should require 0.53 kilograms of plastic, at a cost of $7.00 per kilogram. 15. What is the material quantity variance? a. $1,911 favorable b. $1,911 unfavorable c. $936 favorable d. $936 unfavorable 16. What is the material spending variance? a. $2,067 favorable b. $2,067 unfavorable c. $975 favorable d. $975 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