A company purchases 20,000 pounds of materials. The materials price variance is $4,000 F. What...

90.2K

Verified Solution

Question

Accounting

A company purchases 20,000 pounds of materials. The materials price variance is $4,000 F. What is the difference between the standard and acutal price paid for the materials?

a)$1.00

b)$.20

c)$5.00

D) Cannot be determinded from the date provided.

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