Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exeter company has a materials standard of 1 pound

Exeter Company has a materials standard of 1 pound per unit of output. Each pound...

90.2K

Verified Solution

Question

Accounting

Exeter Company has a materials standard of 1 pound per unit of output. Each pound has a standard price of $27 per pound. During July, Exeter paid $66,846 for 3,120 pounds, which it used to produce 3,000 units of product. What is the direct materials quantity variance?
Multiple Choice
$1,916 unfavorable
$4,420 favorable
$1,826 unfavorable
$3,240 unfovorable
image

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

1-Orders come to a warehouse facility with an exponentially distributed interarrival time of 20 minutes. What...

Basic Math
Q

Provide an overview of how gel electrophoresis can be used to analyse genes after treatment with restriction...

Biology
Q

Assume that you have a clock signal with frequency of 50 Hz, and you want to...

Electrical Engineering
Q

Why didn t the Philosophes put a STOP to slavery Please voice your opinion by...

Biology
Q

A fascinating discovery is that the oral contraceptives will also prevent HIV infection True Falco

Biology
Q

Evaluate the indicated limits by evaluating the function for values shown in the table and...

Calculus
Q

Megan y Susan son compaeras de piso. Pasan la mayor parte del tiempo estudiando (por...

Accounting
Q

During June, the following purchases and sales were made by Covid Company. There was no...

Accounting
Q

Question 1. Quadro uses a job order cost accounting system. On November 1 , the...

Accounting
Q

Problem 12-23 Make or Buy Decision [LO12-3] Silven Industries, which manufactures and sells a highly...

Accounting
Q

Lander Company has an opportunity to pursue a capital budgeting project with a five-year time...

Accounting
Q

A borrower can obtain an 80% loan with an 8% interest rate and monthly payments....

Finance