Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. edgar, inc has mateirals price standard of $2.00 p

Edgar, Inc has mateirals price standard of $2.00 per pound. Six thousand pounds of materials...

50.1K

Verified Solution

Question

Accounting

Edgar, Inc has mateirals price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound. The actual quanity of materials used was 6,000 pounds, although the standard quantity allowed for the output was 5,400 pounds.

Edgar, Inc's materials quanitity variance is

1) $1,200 unfavorable

2) $1,200 Favorable

3) $1320 F

4) $1320 U

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

Operations Management
1.2K views

In Chapter 14, we discuss how organizations schedule staff and sequence operations to make sure that...

Chemistry
1.2K views

Some free radical chemical reactions start with the photodissociation of I2 molecules into Iodine atoms (gas...

Physics
1.2K views

In a traditional xy-plane, there are 2 charged objects. At (x,y) = (8 m, 0 m),...

Electrical Engineering
1.2K views

4. Explain and show formulaically that rotating magnetic field occurs when applying ia=Iscoswst and ib=Isinwst with phase...

General Management
1.2K views

Visit the Sabre Holdings website and explore their range of services and technology solutions. Indicate if...

Accounting
1.2K views

On August 1, 2017, Indigo Corporation issued $504,000, 8%, 10-year bonds at face value. Interest is...

Physics
1.2K views

An air bubble is inside water The refractive index of water is 4 3 At...

Calculus
1.2K views

10 If T 2 and tand is undefined find the value of p

Accounting
1.2K views

Northeastern Insurance Company is considering opening an office in the U.S. The two cities under...

Accounting
1.2K views

On August 5, 2014, Famous Furniture shipped 20 dining sets on consignment to Furniture Outlet,...

Accounting
1.2K views

2. Accounts Payable had a normal starting balance of $600. There were debit postings of...

Finance
1.2K views

Baruch Inc. issued a semi-annual coupon bond that has a face value of 1,000 dollars....