Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. twelve thousand pounds of material were purchas

1. Twelve thousand pounds of material were purchased at a cost of $2.90 per pound....

60.1K

Verified Solution

Question

Accounting

image
1. Twelve thousand pounds of material were purchased at a cost of $2.90 per pound. 2. The company produced only 1,200 units, using 10,800 pounds of material. (The rest of the material purchated remained in nuw materials inventory. 3. 580 hours of direct labor time were recorded at a total laber cont of $8,900. Compute the materials price and quantity variances 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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Following the successful bio-immobilization of a radioactive metal contaminant, one concern is thatSelect one:A) all...

Biology
Q

For these binomial settings, give the parameters n and p. a) Orchid flowers can be “left-handed”...

Statistics
Q

On Wal-Mart and Health Care Policy case, what are the issues, interests, informations, alternative strategy and recommendations.

Economics
Q

A rapid mixing basin is to be designed for a drinking water coagulation plant with a...

Civil Engineering
Q

what is t critical value,for onetailed and two tailed with explanation for n=49, and 0.05 significance level

Statistics
Q

What is occurring when a light wave goes through a pane of glass in a...

Physics
Q

The number N (in billions) of debit card transactions can be approximated by the equation...

Basic Math
Q

Let A= 2 8 -2 ...

Algebra
Q

Purchased 30,000 shares of Boston Company common stock for $13 per share. These shares were...

Accounting
Q

Bank Muamalat provides a financing facility based on the Murabaha principle to Barakah Manufacturing to...

Accounting
Q

Sunland Manufacturing purchases $73,400 of raw materials on account, and it incurs $79,700 of direct...

Accounting
Q

F) Adjusting entries: options: Aim to properly link expenses to products none of the above...

Accounting