Joiner Corporation recently purchased 36,000 gallons of direct material at $5.30 per gallon. Usage by...
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Joiner Corporation recently purchased 36,000 gallons of direct material at $5.30 per gallon. Usage by the end of the period amounted to 34,000 gallons. If the standard cost is $6.20 per gallon and the company believes in computing variances at the earliest point possible, the direct-material price variance would be calculated as: (8 04:27:01 Multiple Choice Print 0 $1,800F. 0 $30,600F 0 $30,600U. 0 $32,400U. 0 $32,400F The following data relate to product no. 89 of Mansion Corporation: Direct material standard: 4 square feet at $2.50 per square foot Direct material purchased: 29,000 square feet at $3.10 per square foot Direct material consumed: 28,300 square feet Manufacturing activity: 6,900 units completed 8 04:26:51 Assume that the company computes variances at the earliest point in time. Print The direct-material price variance is: Multiple Choice 0 $16,980U. 0 $16,980F. 0 $17,200u. 0 $17,400U. 0 $17,400F
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