Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. gipple corporation makes a product that uses a mat

Gipple Corporation makes a product that uses a material with the quantity standard of 7.3...

80.2K

Verified Solution

Question

Accounting

Gipple Corporation makes a product that uses a material with the quantity standard of 7.3 grams per unit of output and the price standard of $6.00 per gram. In January the company produced 3,400 units using 24,870 grams of the direct material. During the month the company purchased 27,400 grams of the direct material at $6.10 per gram. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is:

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

What is mZRPS S mZRPS T 110 80 105 P O R Q

Chemistry
1.2K views

Calculate the concentration of all species in a 0.150 M solution of H2CO3. H2CO3], [HCO−3], [CO2−3],...

Biology
1.2K views

1. Pyruvate oxidation yields one molecule of _____ , and one molecule of ________ , which...

Physics
1.2K views

a) A(n) 85-g ice cube at 0°C is placed in 920 g of water at 20°C....

Accounting
1.2K views

2. On-the-Go, Inc., produces two models of traveling cases for laptop computers: the Programmer and the...

Geometry
1.2K views

QR is tangent to circle P at point Q P 53 D R What is...

Geometry
1.2K views

The width of a rectangle is 4 less than twice its length If the area...

Basic Math
1.2K views

pt History tempt in Progress year of operations Crane Company recognized 29 500 in s...

Accounting
1.2K views

Lired Homework Saved Help Save & EX Chech Elliott Company produces large quantities of a...

Accounting
1.2K views

Examples of businesses that generally use job costing are: (select all that are considered correct)...

Accounting
1.2K views

Use the following information for exercise 15 to 18 LO P2 [The following...

Finance
1.2K views

Problem 7-18 Abandonment We are examining a new project. We expect to sell 6,400 units...