Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use the following information to answer the following questions: Ecco Company produce Plastic Balls. The company uses de following direct cost categories: Category Direct materials
Use the following information to answer the following questions: Ecco Company produce Plastic Balls. The company uses de following direct cost categories: Category Direct materials Direct labor Direct marketing Std Inputs For 1 (one) output 2.00 0.70 0.27 Std Cost per input $6.25 4.75 2.75 Actual performance and budgeted performance for the company is show below: 5,000 Actual output: in units Direct materials Materials costs Input purchased and used Actual price per input Direct manufacturing labor: Labor costs Labor-hours of input Actual price per hour $74,750 11,500 $6.50 $23,750 4,750 $5.00 24. What is the price variance of the direct materials? a. $2,543.75 unfavorable b. $2,875.00 unfavorable c. $3,803.25 favorable d. $4,218.75 favorable
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