Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company provided the following direct materials

A company provided the following direct materials cost information. Compute the cost variance. Standard costs...

90.2K

Verified Solution

Question

Accounting

A company provided the following direct materials cost information. Compute the cost variance.

Standard costs assigned: Direct materials standard cost (425,000 units @ $5 / unit)$2,125,000

Actual costs Direct materials cost incurred (423,750 units @ $5.20 / unit)$2,203,500

$78,500 Unfavorable.

$6,250 Favorable.

$84,750 Favorable.

$84,750 Unfavorable.

$78,500 Favorable.

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!
Become a Member

Other questions asked by students

Q

In the second and third paragraphs what do the dents on Ahab s furrowed brow...

Basic Math
Q

A buffer solution contains 0.33 mol of hypoiodous acid (HIO) and 0.75 mol of sodium hypoiodite...

Chemistry
Q

Exercise 2.1: Basic digital signals (a) Write a MATLAB program to generate and display (using the...

Electrical Engineering
Q

Consider the following data for potassium:You may find additional useful data in the ALEKS Data...

Biology
Q

Three identical planks of uniform mass density and length are kept on each other as...

Physics
Q

ich of the following statements regarding a deflection magnetometer is correct The external magnet is...

Physics
Q

1. Discuss the differences between the bonus, goodwill, and asset revaluation methods of accounting for...

Accounting
Q

Please help answer H.J. Heinz Company uses standards to control its materials...

Accounting
Q

if the retirement of the coal reserve is 2 years from now (12/31/2022), assume 10%...

Accounting
Q

Sparkle Jewelry sells 700 units resulting in $ 90,000 of sales revenue, $31,000 of variable...

Accounting
Q

Can someone please show me how to do the work on this please. Question The...

Accounting
Q

The bank portion of last months bank reconciliation for Crane Limited at October 31 is...

Accounting