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 9.1...

80.2K

Verified Solution

Question

Accounting

Gipple Corporation makes a product that uses a material with the quantity standard of 9.1 grams per unit of output and the price standard of $7.80 per gram. In January the company produced 5,200 units using 26,670 grams of the direct material. During the month the company purchased 29,200 grams of the direct material at $7.90 per gram. The direct materials purchases variance is computed when the materials are purchased.

The materials price variance for January is:

A. 4,732 F

B. 2,920 U

C. 4,732 U

D. 2,920 F

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