Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. kolton uses a single raw material in its productio

Kolton uses a single raw material in its production process. The material has a standard...

60.1K

Verified Solution

Question

Accounting

Kolton uses a single raw material in its production process. The material has a standard price of $10 per pound. During November the company purchased and used 15,000 pounds of material. The actual price paid for this material was $9.90 per pound. The standard quantity required per finished product is 8 pounds. Kolton produced 1,900 finished units of the final product in November. How much was the material price variance for November?

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

Classify each figure as a line ray or line segment Then show how to write...

Chemistry
1.2K views

If you had ddGTP used in sanger sequencing, describe how the nucleotide would be different than...

Mechanical Engineering
1.2K views

Q1- Why has the enormous potential of shale gas, as a viable fuel source, only recently...

Biology
1.2K views

periment 1 6 el 1 Motivation for Course What is your motivation for taking this...

Basic Math
1.2K views

4 Simplify No negative exponents a x x x 1 b 1 4

Basic Math
1.2K views

Find the inverse of the following function.f(x) = 6x - 7/2x 2Do not include "f-(x)...

Basic Math
1.2K views

Blue Tide Swim Shop is having its annual summer sale when every item in the...

Accounting
1.2K views

required information exercise 9-21 (algo) calculate the issue price of bonds (lo9-7) skip to question...

Accounting
1.2K views

Looks like questions 9-12 on here http://orange-520.blogspot.com/2015/12/connect-managerial-accounting-exam-ch-7.html Antuan Company set the following...

Accounting
1.2K views

Strong internal control will increase the reliability of certain types of evidence and thereby increase...

Finance
1.2K views

what is the annual cash inflows to the investor who has purchased 4 year maturity...

Finance
1.2K views

The purpose of a financial statement that lists an entity's total capital/liabilities is to show:...