Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. part 1 subjective score instructor use only 100000

PART 1 SUBJECTIVE SCORE INSTRUCTOR USE ONLY 100000-700 504302010 19 At the beginning of October,...

90.2K

Verified Solution

Question

Accounting

image
PART 1 SUBJECTIVE SCORE INSTRUCTOR USE ONLY 100000-700 504302010 19 At the beginning of October, the following was determined for a particular product Standard Quantity of material per unit produced 10.0 lbs. Standard Price of material $ 2.00 per lb. Budgeted Units to be produced 6,000 units The following data pertain to operations concerning the product for October: Actual Cost of materials purchased $ 150,000 Beginning Materials Inventory 1,500 lbs. Ending Materials Inventory 2,000 lbs. Actual Units Produced 8,000 units Materials Purchase Price Variance $ 15,000 Favorable w What was the Materials Quantity Variance for October? $4,000 Unfavorable $5,000 Unfavorable $15,000 Unfavorable $26,000 Favorable None of the above 150,000 15000

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