Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assume the following: the standard price per poun

Assume the following: The standard price per pound is $2.00. The standard quantity...

70.2K

Verified Solution

Question

Accounting

image

Assume the following: The standard price per pound is $2.00. The standard quantity allowed per unit of finished goods is 4 pounds. The actual quantity of materials purchased and used in production is 50,000 pounds. The materials price variance is $7,500 U. The company produced 13,000 units of finished goods during the period. The actual price per pound of direct materials is closest to: Multiple Choice O $1.65 O $1.75. O $2.15 $2.05

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

Braun Industries is considering the following mutually exclusive projects. Braun’s cost of capital is 9%.            Year        Project A                Project...

Finance
Q

In the Meselson - Stahl experiment, if after the first round of replication, the DNA had...

Biology
Q

Choose an isotope and describe its radioactive decay process and how it is used. Write a...

Physics
Q

Write an essay on the use of electricity and magnetism in our future transportation with relevant...

Physics
Q

According to the endosymbiotic theory of the origin of eukaryotic cells how did chloroplasts originate...

Biology
Q

Find f x for the function 5x 4 x 2x 10 f x f x

Calculus
Q

3 Express Z 1 Z 1 i 3 and Z3 3 i in polar form...

Algebra
Q

Some things go together an airline seat and space for your suitcase, an e-book...

Accounting
Q

1. The following is costs and revenue information for Bert's Southern Cooking Restaurant: She borrowed...

Finance
Q

A restaurant with an average check of $10 per guest has the following average monthly...

Accounting
Q

Neitron Motors just issued 225,000 zero coupon bonds. These bonds mature in 20 years, have...

Finance
Q

Calculating Residual Income Forchen, Inc., provided the following information for two of its divisions for...

Accounting