Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. standard direct materials cost per unit from varia

Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct...

80.2K

Verified Solution

Question

Accounting

image

Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fun Inc., a manufacturer of organic toys: Quantity of direct materials used 3,000 lb. Actual unit price of direct materials $5.50 per lb. 1,400 units Units of finished product manufactured Standard direct materials per unit of finished product Direct materials quantity variance-unfavorable 2 lb. $1,000 Direct materials price variance-unfavorable $1,500 Determine the standard direct materials cost per unit of finished product, assuming that there was no inventory of work in process at either the beginning or end of the month. If required, round your standard cost per unit answer to two decimal places. Product finished 1,400 units Standard finished product for direct materials used 1,500 units Deficiency of finished product for materials used 5 X units Standard cost for direct materials 10 per unit

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

14) you are titrating 10.0mL of a solution of 0.25M acetic acid (Ka=1.8 x 10 ^-5)....

Chemistry
Q

. Complete the following table with the information provided Employee, with their allowable deductions Gross income Contribution...

Accounting
Q

6 In a YDSE distance between the slits is 2 mm the distance of the...

Physics
Q

A boat on the ocean is 2 mi from the nearest point on a straight...

Basic Math
Q

Scores on the GRE (Graduate Record Examination) are normally distributed with a mean of 537...

Basic Math
Q

Market researchers conducted a study about which words most affected young consumers who regularly bought...

Statistics
Q

Find by implicit differentiation dy dx dy dx II tan 5x y x 4xy 10yx...

Calculus
Q

Looney Corp. has debit balances of $598,000 and $8,000 in accounts receivable and allowance for...

Accounting
Q

Depreciation Methods Gruman Company purchased a machine for $198,000 on January 2, 2016. It made...

Accounting
Q

what goals, objectives, and predictions are expressed in the "letter to the stockholders" of Citigroup?...

Accounting
Q

Assume that Banff Electronics completed these selected transactions during September 2014: ...

Accounting
Q

Please answer all! I will leave a like! ...

Accounting