A company provided the following direct materials cost information. Compute the direct materials price variance....
70.2K
Verified Solution
Link Copied!
Question
Accounting
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (407,000 units @ $3.90/unit) Actual costs: Direct materials costs incurred (405,950 units @ $4.00/unit) $ 1,587,300 $ 1,623,800
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (4e7, 000 units $3.90/ unit) $1,587,300 Actual costs: Direct materials costs incurred ( 405,950 units e $4,00/ unit) $1,623,800 Multiple Choice $40.595 Untovorable $40,595 Fovorable: $1,587,300 Fovorable. $1,587,300 Unfovorable $40700 favoroble
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!