Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following materials standards have been establ

The following materials standards have been established for a particular product: Standard quantity per unit...

50.1K

Verified Solution

Question

Accounting

image

The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.4 pounds $13.20 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 4,800 pounds $62,880 . 4,300 pounds 700 units direct materials purchases variance is computed when the materials are purchased. What is the materials quantity 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

If and 2 are respectively the wavelengths of the series limit of Lyman and Balmer...

Physics
Q

An object is formed by attaching a uniform, thin rod with a mass of mr =...

Physics
Q

Microprocessor 8086 material. Choose True or False 1-Multiplexing operation is used to reduce the number of pins in...

Electrical Engineering
Q

Three long straight and parallel wires carrying current are arranged as shown in figure The...

Physics
Q

A commercial claims that 8 out of 10 dentists recommend a certain brand of toothpaste....

Basic Math
Q

V Find the designated sum of the arithmetic series 1 Se of 3 7 11...

Algebra
Q

Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the...

Accounting
Q

what is value chain

Accounting
Q

\table[[Direct materials,$397,800

Accounting
Q

Susquehanna Medical Center operates a general hospital in northeastern Pennsylvania. The medical center also rents...

Accounting
Q

Exercise 11-21 Flounder Company owns a 7,400-acre tract of timber purchased in 2006 at a...

Accounting
Q

Skyline Music is considering investing $775,000 in private lesson studios that will have no residual...

Accounting