Question: please do this and show all steps. thanks 24. Consider the following information: Actual cost of direct material purchased and used $72,000 Standard direct material

please do this and show all steps. thanks

24. Consider the following information: Actual cost of direct material purchased and used $72,000 Standard direct material quantity 96,000 gallons Direct-material price variance $9,000 U Direct-material quantity variance $4,200 F What is the standard price per gallon of direct material

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!

en Completion Status: Moving to another question will save this response. Ion 24 Consider the following information: Actual cost of direct material purchased and used $10,000 Standard price of direct...

Question 24 Consider the following information: Standard price of direct material $10 Actual production 100 units Budgeted production 200 units Actual direct-material quantity used in production 600...

2. Company recently used 14,000 labor hours to produce 7,000 completed units. According to manufacturing specifications, each unit is anticipated to take two hours to complete. The company's actual...

3. Consider the following information: Actual cost of direct material purchased and used $10,000 Standard price of direct material $0.2 per gallon Direct-material price variance $7,043 F How many...

10 Question 25 Consider the following information Actual cost of direct material purchased and used $10.000 Standard price of direct material 19.2 per $2,535 U Direct-material price variance How many...

Consider the following information: Actual cost of direct material purchased and used: $10,000 Standard price of direct material: $0.2 per gallon Direct-material price variance: $6,022 F How many...

Consider the following information: Actual cost of direct material purchased and used $10,000 Standard price of direct material $0.2 per gallon Direct-material price variance $6022 U How many gallons...

3. Consider the following information: Actual cost of direct material purchased and used $10,000 Standard price of direct material $0.2 per gallon Direct-material price variance $7,043 F How many...

Suppose you have a coin counting machine that provides input to your program. A bunch of mixed colns are placed into a hopper and are sorted one-by-one. The machine sends a string of characters to...

Duluth Glass Company manufactures window glass for automobiles. The following data pertain to the Plate Glass Department. Work in process, February 1 Direct...

Which of the following statements about preferred stock is true? a. Preferred stock has various preference rights such as a preference to dividends. b. Preferred stock is a minimum stockholder...

Capital campaigns are critical for nonprofit organizations looking to create large endowments. While the typical capital campaign can last several years, what major event occurs between the quiet...

List the five steps in the message-sending process.

List and explain the four steps in the communication process.

Describe how communication flows through organizations.