Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the information provided to answer the questions. Actual price paid per pound of material $13.50 Total standard pounds for units produced this period 12,600

Use the information provided to answer the questions.

Actual price paid per pound of material $13.50
Total standard pounds for units produced this period 12,600
Pounds of material used 13,250
Direct materials price variance favorable $3,975.00

All material purchased was used in production.

Enter all amounts as positive numbers.

A. What is the standard price for materials?

Standard price paid $

B. What is the direct materials quantity variance?

Direct materials quantity variance $ Unfavorable

C. What is the total direct materials cost variance?

Total direct materials cost variance $ Unfavorable

D. If the direct materials price variance was unfavorable, what would be the standard price?

Standard price $

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_2

Step: 3

blur-text-image_3

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

Health And Safety Environment And Quality Audits

Authors: Stephen Asbury

3rd Edition

0815375395, 978-0815375395

More Books

Students also viewed these Accounting questions

Question

1. Outline the directions on the board.

Answered: 1 week ago