Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i could really use some help with this. a correct

I could really use some help with this. A correct answer always ends with a...

80.2K

Verified Solution

Question

Accounting

I could really use some help with this. A correct answer always ends with a perfect rating! Thank you so much
image
rework & App eBook Show Me How Calculator Print Item Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fun Inc., a manufacturer of organic toys: Quantity of direct materials used 5,500 lbs. Actual unit price of direct materials $5.5 per ib. Units of finished product manufactured 2,640 units Standard direct materials per unit of finished product 2 lbs. Direct materials quantity variance-unfavorable $1,232 Direct materials price variance-favorable $550 Determine the standard direct materials cost per unit of finished product, assuming that there was no inventory of work in process at either the beginning or the end of the month. If required, round your standard cost per unit answer to two decimal places. Product finished units units Standard finished product for direct materials used Deficiency of finished product for materials used Standard cost for direct materials per unit

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

The letter C is pointing to the O a ovipositor b femur c thorax A...

Biology
Q

Two similar spheres having Q and Q charges are kept at a certain distance F...

Physics
Q

A metallic sphere is given some charge Electric energy is stored A B C D...

Physics
Q

land Community and Help Read It nts DETAILS hoo Trigonometry S PREVIOUS A Addition or...

Basic Math
Q

Mountain climbers use a general rule of thumb which estimates that the temperature will drop...

Statistics
Q

[The following information applies to the questions displayed below] You have just been hired...

Accounting
Q

Why is it important that an audit committee not have any executive directors as members?

Accounting
Q

The following information has been assembled about Casbar Corp. as at December 31, Year 5(amounts...

Accounting
Q

Lamps and More Ltd has profit before tax of $1.8 million, with a tax rate...

Accounting
Q

On January 1,2024, the Ryder Company issued $480,000(face value) of eight-year bonds at $540,294 to...

Accounting
Q

Dried Fruit Corp. has had a valid S Corp election in effect at all times...

Accounting
Q

Exercise 10-5(Algo) Return on Investment (ROI)[LO10-1] Provide the missing data In the following...

Accounting