Question: please help The flexible-budget variance for materials is $5,000 (U). The sales-volume variance is $13,000 (U). The price variance for material is $31000 (F). The

please help

The flexible-budget variance for materials is $5,000 (U). The sales-volume variance is $13,000 (U). The price variance for material is $31000 (F). The efficiency variance for direct manufacturing labor is $7,000 (F). Calculate the price variance for materials

Select one:

a.$13,000 unfavorable

b.$36,000 favorable

c.$35,000 unfavorable

d.$36,000 unfavorable

e.$6,000 favorable

The standard quantity allowed for the units produced was 4,500 pounds, the standard price was $2.50 per pound, and the materials efficiency variance was $375 favorable. Each unit uses 1 pound of materials. How many units were actually produced?

Select one:

a.11,625

b.4,350

c.4,550

d.4,500

e.4,650

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!