Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 46. the following materials standards have been es

46. The following materials standards have been established for a particular product: Standard quantity per...

50.1K

Verified Solution

Question

Accounting

46. The following materials standards have been established for a particular product: Standard quantity per unit of output 7.6 Pounds Standard price $14.40 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased 6,700 Pounds Actual cost of materials purchased $92,450 Actual materials used in production 6,000 Pounds Actual output 1,125 Units What is the materials quantity variance for the month?

$36,720 F

$5,320 U

$26,640 U

$30,670 F

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

Finance
1.2K views

Which of the following statements concerning supply and/or demand is/are true? Select one: a. If demand increases and...

Basic Math
1.2K views

One factor in rating a National Hockey League team is the mean weight of its players....

Statistics
1.2K views

A 3-person jury has 2 members each of whom have independently a probability 0.7 of making...

Operations Management
1.2K views

Explain the Quality Management of the Manhattan Project?

Biology
1.2K views

Which of the following BEST describes a way that meiosis generates genetic variation? Group of answer...

Economics
1.2K views

(a) If your utility is represented by u(x,y) = min(x+2y,2x+y);what do you indifference curves look like? (b)...

Advance Math
1.2K views

Identify the parameter p in the following binomial distribution scenario. The probability of buying a movie...

Basic Math
1.2K views

es of squares can be inscribed as shown in the diagram so that each successively...

Accounting
1.2K views

Tax return preparers may generally rely on a client's representations to prepare the client's tax...

Accounting
1.2K views

E15.14(LO 4), AP On January 1,2022, Throm Inc. entered into an agreement to lease 20...

Accounting
1.2K views

Break-even analysis Break-even calculations are most often concerned with the effect of a shortfall in...

Finance
1.2K views

The CEO of the Champ company asks you as an analyst to give an opinion...