Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following data relate to direct materials cost

The following data relate to direct materials costs for February: Materials cost per yard: standard,...

80.2K

Verified Solution

Question

Accounting

The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.94; actual, $2.05 Standard yards per unit: standard, 4.67 yards; actual, 5.25 yards Units of production: 9,300

Calculate the direct materials price variance.

a.$1,023.00 unfavorable

b.$4,777.41 favorable

c.$5,370.75 favorable

d.$5,370.75 unfavorable

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

TAT1800 Business Statistics SP1 2023 Question list Question 1 Question 2 Question 3 K Is...

Statistics
Q

A coin is tossed 400 times, landing heads up 219 times. Is the coin fair?

Statistics
Q

A multiple regression equation of quality of life scale (0-100, 100 is best) associated with Age...

Statistics
Q

How would the body bring the systems affected by Rheumatoid Arthritis back to homeostasis? (Discuss at least...

Medical Sciences
Q

Evaluate the impact of exposure to societal violence on the developmental process during middle childhood. Refer to...

Psychology
Q

1. Use the following information to prepare a bank reconciliation for Forrester Company at April...

Accounting
Q

In the month of March the Digby Corporation received and delivered orders of 149,000 units...

Accounting
Q

You have an investment account that started with $4,000 10years ago and which now has...

Accounting
Q

Paid RM630 cash for transporting goods bought from Mamaland Sdn. Bhd. Choose two (2) appropriate...

Accounting
Q

In 2024, the Westgate Construction Company entered into a contract to construct a road for...

Accounting
Q

Welton Corporation's installment note that has original principal of $26,000, interest of 5% compounded annually,...

Accounting
Q

Thumbs up for correct answer (Capital structure weights) Wingate Metal Products, Inc....

Finance