Question: The following materials standards have been established for a particular product: Standard quantity per unit of output 4.4 meters Standard price $ 18.70 per meter

The following materials standards have been established for a particular product: Standard quantity per unit of output 4.4 meters Standard price $ 18.70 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 7,500 meters Actual cost of materials purchased $ 147,750 Actual materials used in production 7,100 meters Actual output 1,550 units What is the materials price variance for the month?

Multiple Choice

$7,900 U
$5,516 U
$7,500 U
$13,450 U

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!

Match the following concepts. Group of answer choices Consult your loved ones [ Choose ] Line up sympathetic interest groups, who can support with a show in numbers Whistle blowing is a family...

18. The following materials standards have been established for a particular product: Standard quantity per unit of output..........9.6 meters Standard price...... ..... $14.80 per meter The...

Ch. 10- The following materials standards have been established for a particular product: Standard quantity per unit of 6.0 meters output Standard $ 19.00 price per meter The following data pertain...

1a. the following materials standards have been established for a particular product: Standard quantity per unit of output 4.4 pounds Standard price $13.20 The following data pertain to operations...

The following materials standards have been established for a particular product Standard quantity per unit of output Standard price $ 5.3meters 17:20per meter The following data pertain to...

The following materials standards have been established for a particular product: Standard quantity per unit of output 6.2 poundsStandard price $15.00per pound The following data pertain to...

The following materials standards have been established for a particular product: Standard quantity per unit of output..............5.1 grams Standard price..................................$11.95...

5 multiple choice The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.0 meters $17.30 per meter The following data...

1. The following materials standards have been established for a particular product: Standard quantity per unit of output 4.4 pounds Standard price $13.20per pound The following data pertain to...

The following materials standards have been established for a particular product. Standard quantity per unit of output........ Standard price........ 1.7 meters $19.80 per meter 0/25 The following...

The following materials standards have been established for a particular product: Standard quantity per unit of output 1.7 meters Standard price $19.80 per meter BER The following data pertain to...

Use Theorem 4.15 show that Theorem 4.15 If X1, X2, . . . , Xn are random variables and Where a1, a2, . . . , an, b1, b2, . . . , bn are constants, then cov(A, B) =--. 2 rt 2 -1 71 (a,b, +a cov(X,X)...

What type of products are produced by roll bending?

The income elasticity of demand for shoes is estimated to be 1.50. We can conclude that shoes a. have a relatively steep demand curve. b. have a relatively flat demand curve. c. are a normal good. d....

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

Teamwork. Divide the class into teams of two. Each team member should select a childrens book or an excerpt that can be read to his or her partner in about ten minutes. Each reader should use his or...

Explain how pitch can be used to show comparisons and contrasts. (Objective 2)

Discuss the impressions given by a speaker who does each of the following: (Objective 5) a. Rocks back and forth on his or her feet b. Scans the audience by looking above members heads c. Sits on the...