Oliver Enterprises has collected the following data for one of its products: Direct materials standard (3 pounds
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Question:
Oliver Enterprises has collected the following data for one of its products:
Direct materials standard (3 pounds per unit @ 50.60/1b.) ................ $1.80 per finished good
Actual direct materials purchased .......................................................... $38,000 pounds
Actual Direct Materials Used (AQU) ........................................................ 37,000 pounds
Actual Price (AP) paid per pound ............................................................ $0.64
How much is the direct materials price variance?
O A. $1,520 unfavorable
O B. $1,480 unfavorable
O C. $1,520 favorable
O D. $1,480 favorable
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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