The per unit standards for direct materials are 2 gallons at $4 per gallon Last month, 12100 gallons of direct materials that actually cost $35900 were used to produce 7500 units of product The direct materials quantity variance for last month was O $11600 favorable O $8700 favorable O $11600 unfavorable $6050 unfavorable The per unit standards for direct materials are 2 gallons at $4 per gallon Last month, 12100 gallons of direct materials that actually cost $35900 were used to produce 7500 units of product The direct materials quantity variance for last month was O $11600 favorable O $8700 favorable O $11600 unfavorable O $6050 unfavorable

The Answer is in the image, click to view ...

Question: The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 12100 gallons of direct materials that actually cost $35900 were

The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 12100 gallons of direct materials that actually cost $35900 were used to produce 7500 units of product. The direct materials quantity variance for last month was O $11600 favorable. O $8700 favorable. O $11600 unfavorable. $6050 unfavorable.

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!

You are now leading a group for 8 weeks with adolescents referred for school, behavior, and/or substance use issues. What are some counselor skills you could display to approach presenting issues...

On December 31, 2020, Dow Steel Corporation had 620,000 shares of common stock and 302.000 shares of 10%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 5% common...

Journal Entries Sharma Company has three process departments: Mixing, Encapsulating, and Bottling. At the beginning of the year, there were no work-in-process or finished goods inventories. The...

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 86 The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 9800 gallons of direct materials that actually cost $36260 were used to produce...

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...

44. The standard amber of hours that should have been worked for the output attained is 6.000 direct labor hours and the actual number of direct labor hours worked was 6,300. Ir the direct labor...

Both answers please, thanks!! Question 15 of 30 -/2 = 1 View Policies Current Attempt in Progress Bramble Corp, planned to use 1 yard of material per unit budgeted at $77 a yard. However, 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...

(b) Find a value of n so that sn is within 0.00005 of the sum. Use this value of n to approximate the sum of the series.

A Starburst candy package contains 12 individual candy pieces. Each piece is equally likely to be berry, orange,lemon,or cherry, independent of all other pieces. a) what is the probability that a...

When do you use a table instead of a bar chart? Please provide an example of the appropriate use of a bar chart and a table, respectively. This question is based on business analytics and data...

Klaus Herrmann, a biochemistry professor, organized Bioproducts, Inc., early this year. The firm will manufacture antibiotics using gene splicing technology. Bioproducts' charter authorizes the firm...

The following data are from a completely randomized design. a. At the = .05 level of significance, can we reject the null hypothesis that the means of the three treatments are equal? b. Use Fishers...

You are provided with the following balance sheet information and summarized income statement for Katrime Ltd.: All sales are credit sales. Accounts payable pertains exclusively to the purchase of...

To study the effect of temperature on yield in a chemical process, five batches were produced at each of three temperature levels. The results follow. Construct an analysis of variance table. Use a...

Three different methods for assembling a product were proposed by an industrial engineer. To investigate the number of units assembled correctly with each method, 30 employees were randomly selected...

Determine if the overhead allocated to the product relates to a single plantwide overhead rate method, multiple production department factory overhead rate method, or activity-based costing...

Assume that a call option with a quantity of 10,000 shares and a premium of $6,000 has a value of $9 at the end of the reporting period. Which of the following amounts is recognized as income which...

If an investor writes a call option, then the investor ______________ on such writing of the call option. a. Would pay the premium on the exercise date b. Would collect the premium on the exercise...

When the call options are exercised, the investor has to pay for the underlying at a. The current market price of the stock b. The rate at which the exchange decides c. The contracted strike price d....