Question: The per-unit standards for direct materials are 3 gallons at $4 per gallon. Last month, 13,400 gallons of direct materials that actually cost $56,700 were

The per-unit standards for direct materials are 3 gallons at $4 per gallon. Last month, 13,400 gallons of direct materials that actually cost $56,700 were used to produce 5,600 units of product. The favorable direct materials quantity variance for last month was

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, 12300 gallons of direct materials that actually cost $36900 were used to produce 7000 units of product. The...

The standard number of hours that should have been worked for the output attained is 10000 direct labor hours and the actual number of direct labor hours worked was 10300. If the direct labor price...

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...

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, 11,200 gallons of direct materials that actually cost $42,400 were used to produce 6,000 units of product. The...

Crane Company has gathered the following information concerning one model of shoe: Variable manufacturing costs $50000 Variable selling and administrative $20000 costs Fixed manufacturing costs...

Question 16 of 50 -/5 View Policies Current Attempt in Progress Sheffield Corp. is planning to sell 1200 boxes of ceramic tile, with production estimated at 1270 boxes during May. Each box of tile...

9 -/5 Question 9 of 50 View Policies Current Attempt in Progress The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 9200 gallons of direct materials that actually...

Sheffield Corp. is planning to sell 1200 boxes of ceramic tile, with production estimated at 1270 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.50 hour of direct labor....

Question 4 of 8 - /1 View Policies Current Attempt in Progress The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 13100 gallons of direct materials that actually...

Poor fitness in adolescents and adults increases the risk of cardiovascular disease. In a study of 3110 adolescents and 2205 adults ( Journal of the American Medical Association, December 21, 2005),...

A building was purchased for $100,000 on January 1, 2006. It was estimated to have no salvage value and to have an estimated useful life of 20 years. On January 1, 2011, the estimated useful life was...

Find the P/E ratio of a corporation that reported last year's net income of $4.28 per share if the company's stock sells for $40.57 per share

When transferring a clear liquid, such as cooking oil, into a smaller container, what is the MOST important action to perform?

What actions can you take to maximise the credibility and dependability of the data that you analyse? How can you ensure that the organisational and personal context in which the data have been...

What software for data entry and analysis is available to you? What might you do to enhance your competence and confidence with using it?

A sampling frame is: a The different stages involved in survey design. b A list of all the people in the research population from whom the sample will be drawn. c A set of random numbers. d The...