Question: Dear tutor solve with appropriate method. Pinecrest Industries, Inc., has collected the following data on one of its products. The actual cost of the direct

Dear tutor solve with appropriate method.

Pinecrest Industries, Inc., has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials standard (4 lbs. @ $3/Lb) = $12 per finished unit Total direct materials cost variance (unfavorable) = $18,000 Actual direct materials used = 120,000 lbs. Actual finished units produced = 30,000 units

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!

Hello tutor need help in this question. Pinecrest Industries, Inc., has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials standard...

need help by true expert and true answer. Pinecrest Industries, Inc., has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials...

Wilson Enterprises, Inc. has collected the following data on one of its products: Direct materials standard (4 lbs. @ $1/lb.) $4 per finished unit Total direct materials cost variance-unfavorable...

1) Jamesway corporation has two seperate divisions that operate as profit centers. The following information is available for the most recent year. White Division Grey Division Sales $120,000...

Use the following information to answer Questions 16-18: Sheen, Inc. has collected the following data on one of its products: Direct Materials Standard per Finished Unit (8 Lbs. @ $0.50 per Lb.)...

Five Rings, Inc, has collected the following data on one of its products: Direct materials standard (3 lbs.@ $ .75/b.) $2.25per finished unit Total direct materials cost variance unfavorable $12,100...

Question 13 4 pts Five Rings, Inc, has collected the following data on one of its products: Direct materials standard (4 lbs.@ $ 1.00/b.) Total direct materials cost variance- unfavorable Actual...

Five Rings, Inc, has collected the following data on one of its products: Direct materials standard (4 lbs.@ $ 1.00/b.) $4.00per finished unit $11,050 157,500 lbs 31,500 units Total direct materials...

Question 13 Five Rings, Inc. has collected the following data on one of its products: Direct materials standard (4 lbs.@ $ 1.00/b.) Total direct materials cost variance- unfavorable Actual direct...

Five Rings, Inc, has collected the following data on one of its products: Direct materials standard (3 lbs.@ $ .75/b.) $2.25 per finished unit Total direct materials cost variance unfavorable $11,200...

Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system. For specific identification, ending inventory consists of...

Find the (simplest) form (to guess) for a particular solution to: y" +49y=-2

3. Why is it necessary to journalize and post adjusting entries?

Describe how total variable costs and unit variable costs behave with changes in the level of activity. If fixed costs increase, what would be the impact on the contribution margin and income from...