Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. edgar, inc has mateirals price standard of $2.00 p

Edgar, Inc has mateirals price standard of $2.00 per pound. Six thousand pounds of materials...

50.1K

Verified Solution

Question

Accounting

Edgar, Inc has mateirals price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound. The actual quanity of materials used was 6,000 pounds, although the standard quantity allowed for the output was 5,400 pounds.

Edgar, Inc's materials quanitity variance is

1) $1,200 unfavorable

2) $1,200 Favorable

3) $1320 F

4) $1320 U

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You have been given the following return data on 3 assets; A, B and C over...

Finance
Q

Problems 16-18: Lengths of pregnancies are normally distributed with a mean of 268 days and a...

Statistics
Q

At 300ºC the diffusion coefficient and activation energy for Cu in Si are D(300ºC) = 7.8 x...

Mechanical Engineering
Q

is to dermal tissue as tracheid vessel element epidermis cortex companion cell guard cell cuticle...

Biology
Q

A block of mass m is connected rigidly with a smooth wedge plank by a...

Physics
Q

The Ericsson method is one of several methods claimed to increase the likelihood of a...

Statistics
Q

Question 4 Worldwide annual sales of a device in 2012 2013 were approximately q 5p...

Algebra
Q

Exercise 17-3 EcoFabrics has budgeted overhead costs of $1,011,150. It has allocated overhead on a...

Accounting
Q

Novak Company shows a balance of $209,770 in the Accounts Receivable account on December 31,...

Accounting
Q

Please also give a step-by-step on how to enter it and use Excel Solver to...

Accounting
Q

Assume that a radiologist group practice has the following cost structure: Fixed costs Variable cost...

Finance
Q

Determining total variable cost For each variable cost per unit listed below, determine the total...

Accounting