Question: Question 2 X operates a standard marginal costing system. The following budgeted and standard cost information is available: Budgeted production and sales 10,000 units Direct

 Question 2 X operates a standard marginal costing system. The following

Question 2 X operates a standard marginal costing system. The following budgeted and standard cost information is available: Budgeted production and sales 10,000 units Direct material cost 3 kg x $10 $30 per unit Actual results for the period were as follows: Production and sales 11,500 units Direct material - 36,000 kg The direct material price variance is $342,000 A. $18,000 adverse B. $3,000 adverse C. $3,000 favourable D. $18,000 favourable

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!