Question: Please help with this question, thank you very much! Cryolite uses a standard costing system to gauge results for their single product. 70,000 kilograms of

Please help with this question, thank you very much!

Please help with this question, thank you very much! Cryolite uses a

Cryolite uses a standard costing system to gauge results for their single product. 70,000 kilograms of direct materials were purchased for $385,000. Two kilograms of direct materials are needed to produce one unit of product. In March, the company produced 12,000 units. The standard cost allowed for direct material was $120,000, and there was an unfavourable direct materials efficiency variance of $2,500. Cryolite's standard cost for one kilogram of direct material is: Select one: O A. $5.00 O B. $6.00 O C. $10.00 O D. $12.00

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!