Assume the following: The standard price per pound is $2.00. The standard quantity...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Assume the following: The standard price per pound is $2.00. The standard quantity allowed per unit of finished goods is 4 pounds. The actual quantity of materials purchased and used in production is 50,000 pounds. The materials price variance is $7,500 U. The company produced 13,000 units of finished goods during the period. The actual price per pound of direct materials is closest to: Multiple Choice O $1.65 O $1.75. O $2.15 $2.05
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!
