Homework Answers
Actual price = 171,000/9,000 = 19 per pound
Materials Price Variance
= (Actual price - Standard price) * Actual quantity purchased
= (19 - 19.15) * 9,000
= -0.15 * 9000
= 1350 Favourable
(Favourable because actual price paid is lower than standard)
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Please show all steps!! :) Schubert Inc. has the following standards for the materials used for the production of their...
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8 Harrison Ine. has the following standands for the materials used for the production of their core product 8.3 lbs $19.15 per pound Standard quantity per unit of outpul Standard price The following data pertain to operations conceming the product for the last month: 9,000 bs $171,000 7,100 bs 700 units Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output What is the purchase price variance of the materials for the month? A. $1,065.00...
8 Harrison Inc. has the following standards for the materiale d e production of the core...
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hello, I so need detailed answers for this question. thank you 4. The following materials standards...
hello,
I so need detailed answers for this question. thank
you
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help Suver Corporation has a standard costing system. The following data are available for June: Actual...
help
Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 80,000 pounds Standard price of direct materials $9.00 per pound Material price variance $8,000 Unfavorable Material quantity variance $6,000 Favorable The actual price per pound of direct materials purchased in June was: .8.88 per pound 9.00 per pound 9.10 per pound The following materials standards have been established for a particular product: Standard quantity per unit of output 5.5...
thank you The following materials standards have been established for a particular product: Standard quantity per...
thank you
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hello,
I so need detailed answers for this question. thank
you
4. The following materials standards have been established for a particular product: 5.1 grams $11.95 per gram Standard quantity per unit of output .......... Standard price.... 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..... 6.800 grams $86.360 6.300 grams 1,000 units What is the materials quantity variance for...
help
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