Ask Question
20 March, 18:29

A company uses 8400 pounds of materials and exceeds the standard by 300 pounds. the quantity variance is $1800 unfavorable. what is the standard price?

+4
Answers (1)
  1. 20 March, 18:50
    0
    The company has an unfavorable price of $ 1,800 because it exceeded the standard with 300 pounds. It means that for every pounds the company pays 1800/300 = $ 6. Therefore the price of the standard would be $ 6 / pounds giving a total of 8400 * 6 = $ 50,400
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A company uses 8400 pounds of materials and exceeds the standard by 300 pounds. the quantity variance is $1800 unfavorable. what is the ...” 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