The standard cost of Product B manufactured by Yi Snacks includes three units of direct materials at
Question:
The standard cost of Product B manufactured by Yi Snacks includes three units of direct
materials at W5,000 per unit. During June, 29,000 units of direct materials are purchased at a cost of W4,700 per unit, and 29,000 units of direct materials are used to produce 9,400 units of Product B.
Instructions
a. Compute the total materials variance and the price and quantity variances.
b. Repeat (a), assuming the purchase price is W5,150 and the quantity purchased and used is 28,000 units.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a Total materials variance AQXAP 29000 X 4700 136300000 SQX...View the full answer
Answered By
Javeria Zafar
Am highly motivated finance professional with over 5 years’ experience in accounting and finance department and highly aggressive in playing a vital role in financial decision-making and adding significant value to businesses and organizations. Am a high performing individual, demonstrating drive, enthusiasm and initiative, with the ability to work well under pressure, consistently delivering quickly and accurately and able to prioritize to ensure deadlines are met whilst maintaining a high standard of analysis.
0 Reviews
10+ Question Solved
Related Book For 
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
Question Posted:
