Question: Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.90;

Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.90; actual, $2.05 Standard yards per unit: standard, 4.73 yards; actual, 5.18 yards Units of production: 9,500 Calculate the direct materials price variance. a. $6,740.25 favorable b. $1,425.00 unfavorable c. $7,381.50 favorable d. $7,381.50 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!

Let F1,...,Fm+1 be real-valued functions defined over a space U. A sufficient condition for u0 to maximize Fm+1 subject to Fi(u) ci(i = 1,...,m) is that it satisfies these side conditions, that it...

Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.99; actual, $2.04 Standard yards per...

Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.98; actual, $2.03 Standard yards per...

Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $2.00; actual, $2.10 Standard yards per...

Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.97; actual, $2.05 Standard yards per...

Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.94; actual, $2.05 Standard yards per...

Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.91; actual, $2.05 Standard yards per...

Use this information to answer the question that follow The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.94; actual, $2.05 Standard yards per...

Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.95; actual, $2.05 Standard yards per...

If a good is labour intensive it means that no capital is used in the manufacturing of that good. Indicate whether the above statement is True or False, AND, with a couple of sentences, explain why.

What is just-in-time inventory management? What are its potential advantages? No plagiarism at least 300 words

. As a CFO, What is the importance of assessing a firm s breakdown of its respective costs, i . e . fixed versus variable ? What are the pros & cons of each ? Can the degree of competitiveness of a...

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

Why do employers rate listening as one of the top skills they expect employees to have? (Objective 1)

Technology.Free riders,people who dont contribute to a teams success but share in the credit given for team accomplishments, are often cited as a problem in school-based group projects. What can the...

Is conflict always unhealthy? Why or why not? (Objective 4)