Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. phelps gold manufactures award medals. in august,

Phelps Gold manufactures award medals. In August, Phelps produced 5,680 medals, 115 more than expected....

50.1K

Verified Solution

Question

Accounting

Phelps Gold manufactures award medals. In August, Phelps produced 5,680 medals, 115 more than expected. During the month, the company purchased 1,330 ounces of gold for $1,162,000. The standard price for the gold is $878 per ounce. The company actually used 1,136 ounces of gold for production. Calculate Phelpss direct materials price variance for the month.

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

Determine whether the members of the given set of vectors are linearly independent. If they are...

Advance Math
Q

Management is responsible for identifying and measuring fraud risks. What are some of the challenges management...

Accounting
Q

Pitman Company is a small editorial services company owned and operated by Jan Pitman. On October...

Accounting
Q

What are the values of b and c S b C Submit R w 60

Statistics
Q

0 26 1 04 Points Sketch the graph of f by hand and use your...

Calculus
Q

Let C 1 a b b Compute QQ and so find Q if Q 0...

Algebra
Q

Fill in the missing numbers in the factor tre 2 Is it possible to find...

Algebra
Q

Which of the following plans provides a guaranteed level of...

Accounting
Q

The highest value of total cost was $75,000 in June for Mantilla Beverages Inc. Its...

Accounting
Q

Garden Sales, Incorporated, usually has to borrow money during the second quarter to support peak...

Accounting
Q

QUESTION 1 (50 MARKS) a. Safri and Hanni have been married for 5 years. They...

Accounting
Q

Andrew believes he will receive a $15,000 bonus next year, and just calculated its present...

Finance