Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a manufactured product has the following informati

A manufactured product has the following information for June. ...

70.2K

Verified Solution

Question

Accounting

A manufactured product has the following information for June.

Standard Actual
Direct materials (5 lbs. @ $8 per lb.) 42,400 lbs. @ $8.10 per lb.
Direct labor (2 hrs. @ $17 per hr.) 16,600 hrs. @ $17.50 per hr.
Overhead (2 hrs. @ $12 per hr.) $ 207,400
Units manufactured 8,400

Exercise 23-9 Direct materials variances LO P2

AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price

Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable.

image

Actual Cost Standard Cost

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

Geometry
1.2K views

(a) 43.7 is what percent of 9.2?(b) What is 55% of 19.6?

Finance
1.2K views

a.Joe Smith has asked your financial advice. He would like to have $2,000,000 in his investment...

Basic Math
1.2K views

The numbers 1,6,15,20,15,6,1 are the coefficients of the binominal expansion (p+q)^6. Use the normal quantile plot...

Basic Math
1.2K views

The percent of concentration of a certain drug in the bloodstream x hr after the...

Algebra
1.2K views

Determine if the following equation has x axis symmetry y axis symmetry origin symmetry or...

Algebra
1.2K views

n+4 <-15A) n<-19: -24 -22 -20 -18 -16B) n>-60 : -66 -64 -62 -60 -58C)...

Accounting
1.2K views

What is the correct answer, please? Multiple Choice

Accounting
1.2K views

Unlike trading securities, available-for-sale securities require end of period adjustments to fair value. Select one:...

Accounting
1.2K views

Renue Spa had the following balances at December 31, Year 2: Cash of $11,000, Accounts...

Accounting
1.2K views

Determine the amount of sales (units) that would be necessary under Break Even Sales Under...

Accounting
1.2K views

Typically, a profitable company that pays relatively high dividends: A. will reinvest more profit which...

Accounting
1.2K views

After several years of profitable operations, Javell, the sole shareholder of JBD Incorporated, a C...