Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company purchases 10000 pounds of materials. the

A company purchases 10000 pounds of materials. The materials price variance is $6000 favorable. What...

90.2K

Verified Solution

Question

Accounting

A company purchases 10000 pounds of materials. The materials price variance is $6000 favorable. What is the difference between the standard and actual price paid for the materials?

$1.67

Cannot be determined from the data provided

$0.60

$1.00

2. If the materials price variance is $3900 F and the materials quantity and labor variances are each $3300 U, what is the total materials variance?

$4200 U

$3900 F

$600 F

$3300 U

3. A company purchases 11000 pounds of materials. The materials price variance is $5500 favorable. What is the difference between the standard and actual price paid for the materials?

$2.00

$5.50

$0.50

$1.00

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

Why is just-in-time systems so popular?

Accounting
Q

Tony and Suzie have purchased land for a new camp. Now they need money to build...

Accounting
Q

A quadratic equation can be written in vertex form or in standard form. Sometimes one...

Basic Math
Q

5-37 (Activity-based costing, merchandising.) Pharmahelp, Inc., a distributor of special pharmaceutical products, operates at capacity...

Accounting
Q

Compute Net Operating Profit after Tax Selected balance sheet and income statement information for Home...

Accounting
Q

View Policies Current Attempt in Progress Bonita Inc, manufactures cycling equipment. Recently, the vice president...

Accounting
Q

Emily Turnbull, president of Aerobic Equipment Corporation, is concerned about her employees' well-being. The company...

Accounting
Q

3. The Wallaby Factory's budgeted factory overhead cost for the year is $4,256,000. The estimated...

Accounting
Q

Los ingresos por operaciones de la Divisin de Automviles de Pierce son $2,225,000. Si el...

Accounting
Q

The following bond transactions occurred during the year of 2010 for Hanitron Ltd. (HL) and...

Accounting
Q

On January 1, 2024, Sandhill Ltd. had the following shareholders' equity accounts: The company was...

Accounting
Q

You have been asked to prepare a sales budget, broken down by month, for the...

Accounting