Question: Question 7 The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 12800 gallons of direct materials that actually cost

Question 7 The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 12800 gallons of direct materials that actually cost $47360 were used to produce 7400 units of product. The direct materials quantity variance for last month was $8000 favorable. $8000 unfavorable. $6000 favorable. $6400 unfavorable. Click if you would like to Show Work for this question: Open Show Work

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!

The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 13100 gallons of direct materials that actually cost $48470 were used to produce 7600 units of product. The...

Multiple Choice Question 86 The per-unit standards for direct materials we 2 gallons at $4 per gallon Last month, 11400 galions of direct materials that actually cost $49580 were used to produce 7800...

Multiple Choice Question 84 A total materials variance is analyzed in terms of Oquantity and quality variances. O tight and loose variances. O price and quantity variances. buy and sell variances...

Question 1. 1. The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 5,600 gallons of direct materials that actually cost $21,200 were used to produce 3,000 units of...

The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 12300 gallons of direct materials that actually cost $36900 were used to produce 7000 units of product. The...

Grouper Company's labor data for making one pound of finished product are as follows: (1) Price-hourly wage rate $11.70, payroll taxes $2.50, and employee benefits $1.90. (2) Quantity-actual...

The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 11,200 gallons of direct materials that actually cost $42,400 were used to produce 6,000 units of product. The...

Sheridan Company planned to use 1 yard of material per unit budgeted at $75 a yard. However, the material actually cost $74 per yard. The company actually made 4400 units, although it had planned to...

Question 27 Financial statement information follows as of the end of each year. Inventory Net sales Cost of goods sold Net income 2021 $ 54,000 784,000 306,000 134,000 2020 $ 48,000 697,000 277,000...

On September 26, the spot price of wheat was $3.5225 per bushel and the price of a December wheat futures was $3.64 per bushel. The interest forgone on money tied up in a bushel until expiration is...

Why is the purchase amount for Apple computers different in different marketing channels?

[ - / 0 . 7 1 Points ] SCALC 7 2 . 1 . 0 3 6 . The limit represents the derivative of seme function f at some number a . State such an f and a . lim x 4 t a n ( x ) - 1 x - 4 f ( x ) = t a n ( x ) ,...

If employees are keeping coworkers informed about relevant facts and events, they are helping, an organizational citizenship behavior. using their voice, an organizational citizenship behavior. being...

=+3. Which stages does the value chain of newspapers and magazines comprise? Give examples!

=+3. Which factors do influence the procurement management?

=+1. Describe the product range in the press sector!