Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the standard cost of product 777 includes 2.9 unit

The standard cost of product 777 includes 2.9 units of direct materials at $6.00 per...

60.1K

Verified Solution

Question

Accounting

The standard cost of product 777 includes 2.9 units of direct materials at $6.00 per unit. During August, the company
bought 29,200 units of materials at $6.10 and used those materials to produce 10,400 units.
Compute the total, price, and quantity variances for materials.
Total materials variance
$
Materials price variance
$
Materials quantity variance
$
image

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

udent PlayerHomework aspx avidades C Chikunguna

Basic Math
Q

Find the value of the variable If the answer is not a whole number round...

Geometry
Q

10 5 pts Given f x x 3x 9 find f x h f x...

Basic Math
Q

Use the marginal analysis criterion covered in class to find the number of units x...

Algebra
Q

Red Company reported the following actual costs for the current year:...

Accounting
Q

Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles....

Accounting
Q

During 2021, a company sells 460 units of inventory for $88 each. The company has...

Accounting
Q

What are the actions an auditor would most likely take in testing the control assertion...

Accounting
Q

Annie's Homemade is preparing a planning budget for August. Its budgeted revenue per serving is...

Accounting
Q

Dell Corporation has a target capital structure of 45% debt and 55% common equity, with...

Finance
Q

(Calculating the geometric and ariahmetic average rate of return) The common stock of the Brangus...

Finance
Q

(b) Provide a correct entry for each of the transactions classified as incorrect....

Accounting