Question: Pinecrest Industries, Inc., has collected the following data on one of its products. The actual cost of the direct materials used is: Pinecrest Industries, Inc.,

Pinecrest Industries, Inc., has collected the following data on one of its products. The actual cost of the direct materials used is:

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!

Watershed is a media services company that provides online streaming movie and television content. As a result of the competitive market of streaming service providers, Watershed is interested in...

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...

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...

48. Barnes Company purchased $72,000 of 9.0% bonds at par. The bonds mature in six years and are a held-to-maturity security. Which of the following is the correct journal entry to record the receipt...

PLease answer all queations ASAP! wil rate 1. Georgia, Inc. has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials standard (3 lbs...

88) Marshall Company sold supplies in the amount of 17,000 (euros) to a French company when the exchange rate was $1.13 per euro. At the time of payment, the exchange rate decreased to $.74. Marshall...

21. Georgia, Inc. has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials standard (6 lbs @ $1/lb) $6 per finished unit Total direct...

The following information describes a company's usage of direct labor in a recent period. The direct labor efficiency variance is: Actual hours used 43,000 Actual rate per hour $ 18 Standard rate per...

Kyle, 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 @ $1/lb) $ 4 per finished unit $ 25,750 Total...

Georgia, Inc. has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials standard (3 lbs @ $2/lb) $6 per finished unit Total direct...

Georgia, Inc. has collected the following data on one of its products. The actual cost of direct materials used is Direct materials standard (5 lbs @ $1/1b) Total direct materials cost...

Pricing Matrix Two Years Three Years Four Years 2% Coupon Five Years 90.250 4.181% 3% CRUDOD 98.5 3.786% 4% GRYROO Bond X 99.125 4.196% 5% CRUDOD 102.250 3.821% Given the information in the matrix...

1) s = 5.3 cm S Area: Perimeter. Type: 4) a h S a = 5.55 yds c = 9.8 yds h = 5.3 yds 2) 1 = 7.5 inches w = 4.8 inches Area: W Perimeter: Type: 5) b1/ h a2 a1 a1 = 8.3 mm b1 = 5.82 mm h = 5 mm b2 a2 =...

Which of the following should not be included in the calculation of annual net cash flow fiom a parstular menteret Deprectartion expense. Direct materials costs. Direct labor cost. Seling generat,...

In Medical Sociology, we see that African-American males tend to live somewhat shorter lives than their male counterparts in various races. Based on researchers, what are some factors that may...