Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the standard cost of product b manufactured by blo

The standard cost of Product B manufactured by Blossom Company includes 2.6 units of direct...

50.1K

Verified Solution

Question

Accounting

image

The standard cost of Product B manufactured by Blossom Company includes 2.6 units of direct materials at $6.00 per unit. During June, 26,700 units of direct materials are purchased at a cost of $5.90 per unit, and 26,700 units of direct materials are used to produce 10,100 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance $ Materials price variance $ Materials quantity variance $ (b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.05 and the quantity purchased and used is 26,500 units. Total materials variance $ Materials price variance $ Materials quantity variance $

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

Problem 14-8 Calculating Cost of Debt [LO2] Jiminy’s Cricket Farm issued a bond with 30 years...

Finance
Q

What are two forms of blood doping that result in polycythemia, and what are the potential...

Medical Sciences
Q

For a particular redox reaction NO is oxidized to NO3– and Ag^+ is reduced to Ag....

Chemistry
Q

How does your organization orient, train, and develop employees? Please share an example.

Operations Management
Q

Shaghai Tea Products has an exclusive contract with British Distributors. Calamine and Shanghai are two brands...

Accounting
Q

4 A positive point charge is placed inside a spherical metallic shell The electric field...

Physics
Q

How many three-digit numbers can be formed under each condition?(a) None of the digits can...

Basic Math
Q

Write the first five terms of the geometric sequence with the given first term, a?,...

Basic Math
Q

Heights of the tallest buildings in LA through 2016 in feet 1099 1018 858 750...

Statistics
Q

Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat Management has...

Accounting
Q

& Exit Submit Plummer Corporation has provided the following data for its two most recent...

Accounting
Q

A high-rise building has forty floors.A cleaning company charge RM80 to clean the first floor...

Accounting