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Nun yang produces flip flops. Each flip-flop requires 2 lbs of Flub and 1 lb of...

Nun yang produces flip flops. Each flip-flop requires 2 lbs of Flub and 1 lb of Fleeb, which are planned to cost $8 and $3 per lb. respectively. During the month of May, Nun yang purchased 22,000 lbs of Flub for $194,000 and 13,000 lbs of Fleeb for $42,000. All materials were consumed in producing 10,500 good flip flops. Which is true? A) Direct material price variances total $6,950 unfavorable.

B)The standard price of Flub should not be revised.

C)The standard price of Flub should be revised.

D)Direct materials price variances total $21,000 unfavorable

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Answer #1

The answer has been presented in the supporting sheet. The correct answer is D. Part. For detailed answers refer to the supporting sheet.

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