Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mini-truck co. produces toy trucks. the company ha

Mini-Truck Co. produces toy trucks. The company has the following standards for production: ...

60.1K

Verified Solution

Question

Accounting

Mini-Truck Co. produces toy trucks. The company has the following standards for production:

Standards
DM required for one unit Cost per unit of input
Direct materials 4 units $12.50 per unit
Direct labour 1.4 hours $9.50 per hour

Actual production for the period is 5,000 units, and the following information provided:

Direct Materials:

Materials costs

$299,000

Input purchased and used

23,000

Actual price per input

$13.00

What is the direct materials efficiency variance?

Question 9 options:

$37,500 U

$36,000 U

$36,000 F

$37,500 F

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

Mr. Anderson put $1000 into an account that earns 4.5% annual interest. The interest is...

Algebra
Q

The following table shows ceremonial ranking and type of pottery sherd for a random sample of...

Basic Math
Q

Describe what employee engagement looks like in an organization, why it is important to sustainability efforts,...

Psychology
Q

find the general solution of y'''-4y''+5y'=e^x

Advance Math
Q

In Exercises 1 3 find the indicated measure 1 m K 2 mDF 40 m...

Basic Math
Q

Solve for the unknown variable a 8y 6 12 2y 8y y Round to two...

Basic Math
Q

75 A random number generator picks a number from one to nine in a uniform...

Statistics
Q

Nature's Twitter es un fabricante de alpiste. La empresa utiliza un sistema de costeo por...

Accounting
Q

Astoria Company had the following transactions during the month of August Year 1: (1) Cash...

Accounting
Q

For maximum effectiveness, sustainable strategies are often implemented at which stage of an organization's value...

Accounting
Q

Roger Company sold equipment for $15,000 on October 31, 20x8. The equipment originally cost $35,000...

Accounting
Q

You put 80% of your money in a stock that has an expected return of...

Finance