Question: Based on the information presented in the following table; Standard Actual Material Cost Per Yard $2.00 $2.20 Yards per Unit 4.00 yards 4.75 yards Units

Based on the information presented in the following table;

Standard

Actual

Material Cost Per Yard

$2.00

$2.20

Yards per Unit

4.00 yards

4.75 yards

Units of Production

9,500

The Direct Materials Price Variance is equal to:

Question 18 options:

$9,025.00 Unfavorable

-$14,250.00 Favorable

$14,250.00 Unfavorable

-$9,025.00 Favorable

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Draw the hierarchy chart and design the logic for a program that calculates the projected cost of a remodeling project. Assume that the labor cost is $30 per hour. Design a program that prompts the...

Q:

Based on the information presented in the following table; Standard Actual Material Cost Per Yard $2.00 $2.10 Yards per Unit 4.5 yards 4.75 yards Units of Production 9,500 The Direct Materials...

Q:

Based on the information presented in the following table; Standard Actual Material Cost Per Yard $2.00 $2.10 Yards per Unit 4.5 yards 4.75 yards Units of Production 9,500 The Direct Materials Price...

Q:

+ Based on the information presented in the following table; Standard Actual Material Cost Per Yard $2.20 $2.00 Yards per Unit Units of Production 4.75 yards 4.50 yards The Direct Materials Price...

Q:

Standard Actual Material Cost Per Yard $1.92 $2.06 Yards per Unit 5.00 yards 4.72 yards Number of Units Produced 9,278 Calculate the total direct materials price variance using the above information....

Q:

#6 Standard Actual Material Cost Per Yard $1.90 $2.06 Yards per Unit 5.00 yards 4.70 yards Number of Units Produced 9,091 Calculate the total direct materials quantity variance using the above...

Q:

Question 18 (0.3 points) Standard Actual Material Cost Per Yard $2.00 $2.04 Standard Yards per Unit 5 yards 4.75 yards Units of Production 9,450 Calculate the Total Direct Materials Quantity variance...

Q:

Question 1 A disadvantage of static budgets is that they: are dependent on previous year's actual results cannot be used by service companies do not show possible changes in underlying activity...

Q:

Standard Actual Material Cost Per Yard $2.00 $2.10 Standard Yards per Unit 4.5 yards 4.75 yards Units of Production 9,500 5. Calculate the Total Direct Materials cost variance using the above...

Q:

Standard Actual Material Cost Per Yard $2.00 $2.10 Standard Yards per Unit 4.5 yards 4.75 yards Units of Production 9,500 5. Calculate the Total Direct Materials cost variance using the above...

Q:

Standard Actual Material Cost Per Yard $2.00 $2.04 Standard Yards per Unit 5 yards 4.75 yards Units of Production 9,450 41. Calculate the Total Direct Materials cost variance using the above...

Q:

At the end of most landing runways in airports, an extension of the runway is constructed using a special substance called formcrete. Formcrete can support the weight of cars, but crumbles under the...

Q:

Random samples of resting heart rates are taken from two groups. Population 1 exercises regularly, and Population 2 does not. The data from these two samples is given below: Population 1: 70, 67, 63,...

Q:

mary transfers real estate, with a basis of $ 6 0 , 0 0 0 and a fair market value of $ 4 0 , 0 0 0 , to a corporation in exchange for shares of Sect. 1 2 4 4 stock

Q:

If the following join statement is used to join two tables in a query, which of the following tables would all of the tuples in the relation appear in results? left join university.students on...