Business

28 June, 13:04

Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows: Actual costs 1,550 lbs. at $9.10 Standard costs 1,600 lbs. at $9.00 Determine the (a) quantity variance, (b) price variance, and (c) total direct materials cost variance. Enter favorable variances as negative numbers. a. Quantity variance $ b. Price variance $ c. Total direct materials cost variance $

+2

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows: Actual costs 1,550 lbs. at ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

What takes place at the beginning of a supply chain

Which of the following would be a fad, as opposed to a trend?

Wildhorse Corp. has total current assets of $12,152,000, current liabilities of $5,849,000, and a quick ratio of 0.94. How much inventory does it have?

Crashes in texas account for most of the deaths by unnatural causes in the state

Confirmations that are sent to select customers asking them to (1) review the current balance due the client as shown on the client's statement and (2) return the letters directly to the auditor, indicating whether they agree with the indicated

New Questions in Business

Paladin Furnishings generated $2 million in sales during 2016, and its year-end total assets were $1.7 million.

The periodic expense created by allocating the cost of plant and equipment to the periods in which they are used, representing the expense of using the assets, is called: Multiple Choice The expense recognition (matching) principle. A contra account.

April 1 purchased land for $2,160,000. may 1 sold equipment that cost $1,020,000 when purchased on january 1, 2014. the equipment was sold for $612,000.

In Keynes's liquidity preference theory, what variables determine the demand for real money balances? A. The demand for real money balances depends on the interest rate and net exports. B.

Which of the following is NOT one of the strategies incorporated in the Sarbanes-Oxley Act of 2002? (A) Establish compliance programs (B) Establish ethics programs (C) Dictate maximum compensation levels (D) Attain greater board independence