Question: Direct material standard: 4 square feet at $3.20 per square foot Direct material purchased: 30,000 square feet at $3.40 per square foot Direct material

Direct material standard: 4 square feet at $3.20 per square foot Direct

Direct material standard: 4 square feet at $3.20 per square foot Direct material purchased: 30,000 square feet at $3.40 per square foot Direct material consumed: 29,600 square feet Manufacturing activity: 7,300 units completed Use the information to calculate the following variances. The direct-material quantity variance is: A. $1,360 F. B. $1,280 U. C. $3,750 F. D. $1,360 U. E. $1,280 F.

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!

Direct material standard: 4 square feet at $3.20 per square foot Direct material purchased: 30,000 square feet at $3.40 per square foot Direct material consumed: 29,600 square feet Manufacturing...

nline-c Print nem Break-Even Sales Under Present and Proposed Conditions Portmann Company, operating at full capacity, sold 1,000,000 units at a price of $186 per unit during the current year. Its...

The following data relate to product no. 89 of Mansion Corporation: Direct material standard: 3 square feet at $3.20 per square foot Direct material purchased: 31,000 square feet at $3.30 per square...

1. CS Company has a profit margin of 11%. Sales are $320,000, net operating income is $36,000, and average operating assets are $ 120,000. What is the company's return on investment (ROI)? (Please...

The following data relate to product no. 89 of Mansion Corporation: Direct material standard: 4 square feet at $2.50 per square foot Direct material purchased: 33,000 square feet at $2.70 per square...

The following data relate to product no. 89 of Mansion Corporation: Direct material standard: 3 square feet at $2.40 per square foot Direct material purchased: 31,000 square feet at $2.50 per square...

The following data relate to product no. 89 of Des Moines Corporation: Direct material standard: 5 square feet at $2.60 per square foot Direct material purchased: 29,000 square feet at $2.90 per...

TY9 NAnE PROBLEM 1 on: The following data relate to product no. 89 of Des Moines Corporati Direct material standard: 3 square feet at $2.50 per square foot Direct material purchased: 30,000 square...

The following data relate to a product manufactured by Kent Corporation: Direct material standard: 3.5 square feet at $2.50 per square foot Direct material purchased \& used: 33,000 square feet at...

The following data relate to a product manufactured by Kent Corporation: Direct material standard: 3.5 square feet at $2.50 per square foot Direct material purchased & used: 33,000 square feet at...

Earnhardt Driving Schools 2010 balance sheet showed net fixed assets of $2.8 million, and the 2011 balance sheet showed net fixed assets of $3.6 million. The companys 2011 income statement showed a...

Benchmarking each smartphone literally takes hours. We basically begin the test, wait till it finishes evaluating and record the result. Its just not done yet. You start all over again and perform...

AP7.11 A control system is shown in Figure AP7.11. Sketch the root locus, and select a gain K so that the step response of the system has a percent overshoot of P O . . 5%, and the settling time...

What is the present value of $1,450 per year, at a discount rate of 9 percent, if the first payment is received 6 years from now and the last payment is received 20 years from now?

Ahi Corporation is one of your clients in Hawaii. The company had a good year last year and owes the IRS $ 100 million, due on March 15. There are no penalties or interest because of the IRS. One of...

You are a CPA in practice and have a long-term client who is involved in a nasty divorce proceeding with her husband. The client has assets she deposited in a bank account in the Grand Cayman...

Bell Corporation purchases all of the outstanding stock of Stockdon Corporation for $220,000 in cash on January 1, 2017. On the purchase date, Stockdon Corporation has the following condensed balance...

In addition to commonsize financial statements, common-base year financial statements are often used. Common-base year financial statements are constructed by dividing the current year account value...

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

How many of the high-exposure people had wheeze symptoms? Air pollution is a serious problem in many places. One form of air pollution that is suspected to cause respiratory illness is particulate...

What percentage of the high-exposure people had wheeze symptoms? Air pollution is a serious problem in many places. One form of air pollution that is suspected to cause respiratory illness is...

How many people had low exposure to PM? Air pollution is a serious problem in many places. One form of air pollution that is suspected to cause respiratory illness is particulate matter (PM), which...