12. The actual cost of direct materials is $50.25 per pound. The standard cost per pound...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
12. The actual cost of direct materials is $50.25 per pound. The standard cost per pound is $56.00. During the current period, 6,800 pounds were used in production. The standard quantity for actual units produced is 6.500 pounds. How much is the direct materials price variance? A. $37,375 favorable B. $37,375 unfavorable C. $39,100 favorable D. $39,100 unfavorable 12. The actual cost of direct materials is $50.25 per pound. The standard cost per pound is $56.00. During the current period, 6,800 pounds were used in production. The standard quantity for actual units produced is 6.500 pounds. How much is the direct materials price variance? A. $37,375 favorable B. $37,375 unfavorable C. $39,100 favorable D. $39,100 unfavorable
Expert Answer:
Answer rating: 100% (QA)
Answer Option C 39100 Favorable Explanation Direct Materials Price Variance Act... View the full answer
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
Students also viewed these general management questions
-
If the unit cost of direct materials is decreased, what effect will this change have on the break-even point?
-
The actual cost of the material is $11.00 per pound. During the current period, 9,900 pounds were used in the production process. The standard usage for actual units produced is 9,800 pounds. What is...
-
Former NAB chief of staff sentenced to eight years jail over kickback scheme January 27, 2021-2.11pm A former chief of staff to National Australia Bank CEOs will spend more than four years behind...
-
The bottle rests at a distance of 3 ft from the center of the horizontal platform. If the coefficient of static friction between the bottle and the platform is s = 0.3m determine the maximum speed...
-
Franchisees agree to pay a variety of fees to franchisors initially and in an ongoing manner. Describe these fees and why understanding their impact on profitability and cash flow is important to...
-
On December 31, 2013, Quirk Inc. has taxable temporary differences of $2.2 million and a deferred tax liability of $616,000. These temporary differences are due to Quirk having claimed CCA in excess...
-
Take the product of the perturbation velocity equation given by Eq. (17.53) by any component of the perturbation velocity. This results in an equation for \(v_{x}^{\prime} v_{y}^{\prime}\), which is...
-
On June 1, Fab Salad Dressings creates a petty cash fund with an imprest balance of $300. During June, Al Franklin, the fund custodian, signs the following petty cash tickets: On June 30, prior to...
-
Weighted Average Shares At the beginning of 2 0 1 9 , Hardin Company had 3 4 0 , 0 0 0 shares of $ 1 0 par common stock outstanding. During the year, it engaged in the following transactions related...
-
John Parsons (123-45-6781) and George Smith (123-45-6782) are 70% and 30% owners, respectively, of Premium, Inc. (11-1111111), a candy company located at 1005 16th Street, Cut and Shoot, TX 77303....
-
The Pdf of the Amazon.com Inc. Case: https://mitsloan.mit.edu/sites/default/files/2020-03/Amazon.com_.%20Inc.IC_.pdfThis is for my seminar course. where to begin with this. Amazon.com Inc.-3.pdf 1....
-
5. A life insurance is for independent (x)&(y). & pays 2000 at T(xy), 1000 at T(xy), 8 = 0.04, x(t) = 0.02, y(t)= =0.03. (a)Calculate the covariance between the first and the second death times....
-
1 Consider the market for the Samsun Galaxy $22. Using a supply and demand graph show what happens to the price and quantity of Galaxy $22s if people expect the price of S22 to increase in the...
-
Create an own original 3-line argument that contains the following (please list with bullets as you see below): Premise 1 Premise 2 A conclusion The argument should be relevant to your life in some...
-
At what rate are you willing to trade quarters (25c coins) for dollar bills? 2. Suppose a friend owes you $2. Would you mind if he gave you back dollar bills, quarters or a combination of the two? 3....
-
The government wants to reach a new income level based on Keynesian cross, The government calculates that the current investment is 400, and government expenditure needs to increase by 2000, and the...
-
If you have a steel bridge, 1000000 mm long, was built without any expansion joints and that only one end of the bridge was held xed. What would the difference in the length of the bridge be between...
-
Organizations are increasing their use of personality tests to screen job applicants. What are some of the advantages and disadvantages of this approach? What can managers do to avoid some of the...
-
The investments of Charter Inc. include 10,000 shares of Wallace Inc. common stock purchased on January 10, 2010, for $30 per share. These shares were classified as available-for sale securities. As...
-
How would each of the following costs be classified if units produced is the activity base? a. Direct materials costs b. Direct labor costs c. Electricity costs of $0.35 per kilowatt-hour
-
MVP Sports Equipment Company is considering an investment in one of two machines. The sewing machine will increase productivity from sewing 150 baseballs per hour to sewing 270 per hour. The...
-
From the following figures, compile accounts receivable ledger and accounts payable ledger control accounts for the month, and ascertain what the net balances of the respective ledgers should be on...
-
Why may some people consider this to be incorrect? That is, why is the fact that the control account is kept in the General Ledger not enough to justify saying that the control account is part of the...
-
The financial year of The Better Trading Company ended on 30 November 2014. You have been asked to prepare a Total Accounts Receivable Account and a Total Accounts Payable Account in order to produce...
Study smarter with the SolutionInn App