Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. gipple corporation makes a product that uses a mat

Gipple Corporation makes a product that uses a material with the quantity standard of 7.3...

80.2K

Verified Solution

Question

Accounting

Gipple Corporation makes a product that uses a material with the quantity standard of 7.3 grams per unit of output and the price standard of $6.00 per gram. In January the company produced 3,400 units using 24,870 grams of the direct material. During the month the company purchased 27,400 grams of the direct material at $6.10 per gram. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is:

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

Silver Sun Entertainment has a weighted-average cost of capital of 8.22 percent and is evaluating two...

Finance
Q

Describe Chemical stoichiometry, The conversion of grams of an element and compound to mole, relation of...

Chemistry
Q

Then please read the article Uber's International 'Launch Playbook: In 2011, when Uber first took its car...

General Management
Q

Create a Pivot Table to compile the following information: 1. The total revenue for each salesperson 2....

General Management
Q

In a nuclear reactor a neutron of high speed 104 m s1 collides elastically with...

Physics
Q

Calculate the surface area of to volume ratio for the following two spherical cells Cell...

Geometry
Q

c A system of 3 equations in 5 variables whose general solution involves 3 paramete...

Geometry
Q

7 Select the expression below that is identical to 2 sina 56 A co D...

Calculus
Q

Required information [The following information applies to the questions displayed below.) Pro-Weave manufactures stadium blankets...

Accounting
Q

Calculate Trend% and Common% 1) Analyze liquidity. 2) Analyze profitability. 3) What items in the...

Accounting
Q

Bidbid government school acquires inventory monthly from vendors after authorization from the ministry of education....

Accounting
Q

Please help with all parts, thank you! ...

Accounting