The following information is available for QQ, Inc.: Actual Number of Units Produced: 4,000 Standard Price:...

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The following information is available for QQ, Inc.: Actual Number of Units Produced: 4,000 Standard Price: $5/lb Standard Quantity Required per Unit of Product: 4lb. Material Quantity Variance: 2,500 U Material Price Variance: 3,300 F (A 1 x (B) IC [E 1xF Results of above calculations: Ax B- EXF= DM Price Variance: $3,300F DM Quantity Variance: $2,500U Complete the matrix above and find: [Enter number only, except decimal point, no comma and no dollar sign] 1. The Actual Quantity (AQ) is 2. The Actual Price (AP) is CXD- 1x D[ The following information is available for QQ, Inc.: Actual Number of Units Produced: 4,000 Standard Price: $5/lb Standard Quantity Required per Unit of Product: 4lb. Material Quantity Variance: 2,500 U Material Price Variance: 3,300 F (A 1 x (B) IC [E 1xF Results of above calculations: Ax B- EXF= DM Price Variance: $3,300F DM Quantity Variance: $2,500U Complete the matrix above and find: [Enter number only, except decimal point, no comma and no dollar sign] 1. The Actual Quantity (AQ) is 2. The Actual Price (AP) is CXD- 1x D[

Answer rating: 100% (QA)

Answer 1 The Actual quantity is 4125lb per unit 2 The Actual price is 4175 EXPLANATION Actual number ... View the full answer