Question: PLEASE ANSWER ONLY IF YOU ACTUALLY KNOW HOW TO DO THIS QUESTION. A company has collected the following data for one of its products: Direct

PLEASE ANSWER ONLY IF YOU ACTUALLY KNOW HOW TO DO THIS QUESTION.

A company has collected the following data for one of its products: Direct materials standard (3 pounds @ $1/lb.) $3 per finished good Direct materials flexible budget variance-unfavorable $14,000 Actual direct materials used 100,000 pounds Actual finished goods produced 25,000 units

How much is the direct materials price variance?

A. $11,000 F

B. $25,000 F

C. $11,000 U

D. $25,000 U

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!

Mendez Company provides the following information about its product: Targeted operating income $50,000 Selling price per unit 6.00 Variable cost per unit 1.50 Total fixed costs 125,000 What is the...

Please help me with the following questions. you are required to submit supporting calculations on all questions that require calculations. Some questions do not require calculations. If a question...

Please answer the attached file. Thanks in advance. Pedro Company provides the following information about its product: Targeted operating income $50,000 Selling price per unit 6.00 Variable cost per...

Oliver Enterprises has collected the following data for one of its products: Direct materials standard ( pounds per unit @ /lb.) per finished good Direct materials flexible budget varianceunfavorable...

Please explain Incorrect Question 1 0/4 pts Sales volume variance is the difference between the .actual amounts and the flexible budget due to differences in price and costs Incorrect. flexible...

Please see attached Exercise 23-21 Name: Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear beside an incorrect entry in the outlined cells. Date June 30...

Please assist with the attached document of 45 problems. Thank you in advance. ACCT 221 Final Exam EVERY QUESTION IS WORTH 2.22 POINTS Please answer in the Answer Sheet provided at the end of the...

Find an orthonormal basis of eigenvectors for the symmetric matrix 211 121 1 1 2 S = which has eigenvalues 1 and 4. (b) Use your answer to part (a) to find an orthogonal matrix P and a diagonal...

A firm that was just incorporated will pay its first dividend in 3 years, and it is expected to be $10. The firm is then expected to pay its second dividend in 5 years (from today), and it is...

1 . ) An englinet vishes to save money for retirement, what annual rum must he set asid " 4 " - was reteth 4 0 ycars: Annual interest rates 6 . 0 0 N Total amount ge wamts to have for retirement: $ 3...

Characteristics of transformational leadership include which of the following? Select all that apply. A . Laissez - faire

Appreciate contemporary trends regarding outsourcing human resource services

Understand the evolution of the regulated environment within which human resources must work in serving a health care organization

Appreciate the relationship between human resources and executive management and other organizational departments