Hart Company made 3,000 bookshelves using 22,000 board feet of wood costing $266,200. The companys direct materials
Question:
Hart Company made 3,000 bookshelves using 22,000 board feet of wood costing $266,200. The company’s direct materials standards for one bookshelf are 8 board feet of wood at $12 per board foot.
1. Compute the direct materials price and quantity variances incurred in manufacturing these bookshelves.
2. Interpret the direct materials variances.
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1 Preliminary computations Actual quantity 22000 bd ft given Standard quantity 3000 units x 8 bd f...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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