Question
Using the following data, calculate the purchase price variance for Rizzo Company. Budgeted quantity per unit of output 5 yards Budgeted price per yard $18.00
Using the following data, calculate the purchase price variance for Rizzo Company.
| Budgeted quantity per unit of output | 5 yards |
| Budgeted price per yard | $18.00 |
| Actual yards Used | 8,000 yards |
| Actual cost of material purchase | $140,000 |
| A. | $20,000 F | |
| B. | $4,500 F | |
| C. | $2,000 F | |
| D. | $4,250 F | |
| E. | None of these choices |
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Ethics And Auditing
Authors: Tom Campbell, Keith Houghton
1st Edition
1920942254, 978-1920942250
