Riverside Incorporated's actual production for August is 2,000 units. The standard cost for raw material number...

 

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Riverside Incorporated's actual production for August is 2,000 units. The standard cost for raw material number 321 is $60 per unit consisting of 3 pounds per unit at $20 per pound. The actual cost for raw material number 321 in August amounted to $57.60 per unit consisting of 3.2 pounds per unit at $18 per pound. The resulting budget variance for raw material number 321 in August was therefore $4,800 F (2,000 units ($60.00 - $57.60). What amount of Riverside Incorporated's $4,800 F budget variance in March is attributable to the cost per pound of raw material number 321? Multiple Choice $8,000 F $8,000 U $12,800 F $12,800 U Riverside Incorporated's actual production for August is 2,000 units. The standard cost for raw material number 321 is $60 per unit consisting of 3 pounds per unit at $20 per pound. The actual cost for raw material number 321 in August amounted to $57.60 per unit consisting of 3.2 pounds per unit at $18 per pound. The resulting budget variance for raw material number 321 in August was therefore $4,800 F (2,000 units ($60.00 - $57.60). What amount of Riverside Incorporated's $4,800 F budget variance in March is attributable to the cost per pound of raw material number 321? Multiple Choice $8,000 F $8,000 U $12,800 F $12,800 U

Answer rating: 100% (QA)

C 12 800 F The amount of Riverside Inc orporated s 4 800 F budget variance in March that is attri... View the full answer