Hushovd Iron Works has collected the following data for its Thunderbolt product line: Direct materials standard 10
Fantastic news! We've Found the answer you've been seeking!
Question:
Hushovd Iron Works has collected the following data for its Thunderbolt product line:
Direct materials standard 10 pounds per unit
Standard Direct Materials Cost $0.75 per pound
The actual material purchased cost $0.85 per pound.
Actual direct materials purchased 40,000 pounds
Actual Quantity (AQ) of Direct Materials Used (AQU) 35,000 lbs.
Actual finished goods produced 4,500 units
What is the direct material price variance?
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Posted Date: