Grayson Industries has collected the following data for one of its products: Direct materials standard (4 pounds
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Question:
Grayson Industries has collected the following data for one of its products:
Direct materials standard (4 pounds per unit @ $0.50/lb.) | $2 per finished good |
Direct materials flexible budget variance-unfavorable | $10,000 |
Actual direct materials used | 40,000 pounds |
Actual finished goods produced | 24,000 units |
How much are the direct materials price variance?
Select one:
a. $38,000 favorable
b. $38,000 unfavorable
c. $4,000 favorable
d. $4,000 unfavorable
Related Book For
Financial and Managerial Accounting
ISBN: 978-1118334263
2nd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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