Acme Inc. uses a standard cost system in which direct materials inventory is carried at...
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Accounting
Acme Inc. uses a standard cost system in which direct materials inventory is carried at standard cost. The following information pertains to Acme's direct materials standards and actual production for November Standard quantity of direct material per unit of output Standard price per kilogram Quantity of direct materials purchased Actual cost of direct materials purchased Quantity of direct materials placed into production Units of output produced 8 kg $1.80 160,000 kg $304,000 142,500 kg 19,000 The direct materials price variance for November is $16,000 Unfavorable $14,250 Unfavorable $30,400 Unfavorable die $15,200 Unfavorable
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