Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. last month, investly widgets purchased 16,400 poun

Last month, Investly Widgets purchased 16,400 pounds of material and used 16,600 pounds in the...

90.2K

Verified Solution

Question

Accounting

Last month, Investly Widgets purchased 16,400 pounds of material and used 16,600 pounds in the production of 4,200 widgets. The actual cost per pound of the material was $7.80 and the standard price was $7.75 per pound. The company budgeted 4,500 widgets for production. How much is the material quantity variance?

A. $820 unfavorable

B. $730 favorable

C. $1,550 favorable

D. More information is needed to determine the answer.

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

Calculus
1.2K views

4 6t 1 36

Finance
1.2K views

eBook Problem Walk-Through Find the amount to which $600 will grow under each of these conditions: 4% compounded...

Biology
1.2K views

How does the endocrine system interact with the nervous system?

Finance
1.2K views

BOND RISK Bonds are often considered safer investments than stock. As a bondholder, what risks would you...

Accounting
1.2K views

Net revenues at an older manufacturing plant will be $2 million this year. The net revenue...

Biology
1.2K views

Which of the following is not true of prokaryotic cells?A) They usually have a cell...

Biology
1.2K views

estion 8 ch of the following are halotolerant bacteria icrococci spp cillus cereus phylococcus aureus...

Biology
1.2K views

Mutations that inhibit the function of photosystem I but not photosystem II would result in...

Geometry
1.2K views

Let e1=(1,0), e2= (0, 1), x1 = (1,-4) and X2 (8,-1).Let T: R -> R...

Basic Math
1.2K views

Mercedes is using periodic functions to model waves in the ocean A crest is considered...

Calculus
1.2K views

me integrals below give the area of a region in the xy plane Sketch the...

Accounting
1.2K views

2. One of the following is constraint (2 Points) O Liabilities O Measurement Reliability "Conservatism