Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following data for a company pertain to the pr

The following data for a company pertain to the production of 800 urns during August....

60.1K

Verified Solution

Question

Accounting

The following data for a company pertain to the production of 800 urns during August.

Direct Materials (all materials purchased were used):

Standard cost: $4.80 per pound of urn.

Total actual cost: $4,480.

Standard cost allowed for units produced was $4,800.

Materials efficiency variance was $96 unfavorable.

Required: a. What is standard direct material amount per urn?

b. What is the direct material flexible budget variance?

c. What is the actual direct material amount used per urn?

d. What is the actual paid per pound?

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

Study Questions (Quiz 3) 1. Discuss how infectious and noninfectious diseases relate to communicable and noncommunicable dis eases...

Biology
Q

By contrasting the policies of liberal and conservative administrations historians believe that in general conservatives...

Biology
Q

Graph the function over a two-period interval. Give the period and amplitude.y = 3 cos...

Basic Math
Q

Measures of liquidity, The ability of a company to make its periodic interest payments and...

Accounting
Q

A monthly-payment car loan has an interest rate of 9% convertible monthly. The outstanding loan...

Accounting
Q

On 1/1/21, VWX Inc entered into a 6 year equipment lease requiring 1 payment of...

Accounting
Q

Q15) Suppose that an FI holds two loans with the following characteristics. Loan Xi Annual...

Finance
Q

Ovit, Inc. has preferred stock with a price of $20.65 and a dividend of $1.37...

Finance
Q

An all-equity firm is considering the following projects: Project ...

Finance
Q

Show your work, please :) Problem 14-12 Corporate Debt (LO5) Haricot Corp....

Finance
Q

La cadena de valor de un restaurante incluye: solo el restaurante. solo contribuyentes...

Accounting
Q

Leung & Wei Limited (LWL) is considering a new project with a manufacturing capacity of...

Finance