Question: The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 9600 pounds of direct materials that actually cost $44500 were

The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 9600 pounds of direct materials that actually cost $44500 were used to produce 5100 units of product. The direct materials quantity variance for last month was

Question 21 The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 9600 pounds of direct materials that actually cost $44500 were used to produce 5100 units of product. The direct materials quantity variance for last month was O $6500 unfavorable. O $3000 favorable. $2550 favorable. $3000 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!

Current Attempt in Progress The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 10200 pounds of direct materials that actually cost $49000 were used to produce 5700...

The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month. 9400 pounds of direct materials that actually cost $44500 were used to produce 5100 units of product. The direct...

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

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

The per-unit standards for direct materials are 2 pounds at $2 per pound. Last month, 11400 pounds of direct materials that actually cost $61200 were used to produce 6900 units of product. The direct...

Multiple Choice Question 115 The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 9800 pounds of direct materials that actually cost $47200 were used to produce 5400...

16. The per-unit standards for direct materials are 2 pounds at $4 per pound. Last month, 11,200 pounds of direct materials that actually cost $42.400 were used to produce 6,000 units of product. The...

Debit balances in variance accounts represent favorable for price variances; unfavorable for quantity variances. favorable for quantity variances; unfavorable for price variances. unfavorable...

1.The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 12200 pounds of direct materials that actually cost $54900 were used to produce 6400 units of product. The...

The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 11800 pounds of direct materials that actually cost $51700 were used to produce 6000 units of product. The direct...

Assume that the quantity- discriminating monopoly in panel a of Figure 10.4 can set three prices, depending on the quantity a consumer purchases. The firms profit is p = p1Q1 + p2(Q2 - Q1) + p3(Q3 -...

A business pays each of its two office employees each Friday at the rate of $60 per day for a five-day week that begins on Monday. If the accounting period ends on Tuesday and the employees worked on...

Caculate the NPV with 10% discount for the next 5 years

Collaboration meaning

(Appendices) Choose five food, beauty, or household products you find in your home. Visit a local store and compare three different sizes of the product and compute unit prices. Compile the...

(Appendices) There is no single solution to reducing or eliminating the long-range actuarial deficit in the Social Security program. The Academy of Actuaries has a game that allows viewers to make...

(Appendices) Ken, age 52, works only part-time and has no health insurance. The cartilage in both his knees is severely eroded from osteoarthritis, which causes severe pain during his daily...