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

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

50.1K

Verified Solution

Question

Accounting

Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $27 per pound. During July, Exeter paid $141,000 for 4,970 pounds, which they used to produce 4,760 units. What is the direct materials quantity variance?

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

MBA 6300 Case Study No. 2 There are numerous variables that are believed to be predictors of...

Basic Math
Q

Solar energy is an alternative to fossil fuels for providing electrical power for both homes and...

Physics
Q

Discus the WHO, WHAT, WHEN, WHERE, WHY and HOW of the Strategic Planning process and show...

General Management
Q

Assume that? women's heights are normally distributed with a mean given by mu equals 62.1 in?,...

Basic Math
Q

ndicate whether each of the following statements about covalent bonds 8 8 Bohr Model 8p...

Biology
Q

Let A 0 3 6 and B 6 5 4 3 6 7 a Compute...

Basic Math
Q

The random variable X is normally distributed with mean = 7.4 and standard deviation...

Basic Math
Q

In addition to the traceable operating costs, the company had manufacturing costs of $136.750 million,...

Accounting
Q

Joe Taxpayer was notified by the IRS that he should appear at the local IRS...

Accounting
Q

can you please show the workings of how to answer this problem ...

Accounting
Q

Woodpecker Co. has $296,000 in accounts receivable on January 1. Budgeted sales for January are...

Accounting
Q

4 a. How was the $132,200 Equity in Income of Small balance computed? ...

Accounting