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

Standard Direct Materials Coster Unit from Variance Data The following data relating to direct materials...

70.2K

Verified Solution

Question

Accounting

image
Standard Direct Materials Coster Unit from Variance Data The following data relating to direct materials cost for October or the current year are taken from the records of Good Clean Fun toc, a manufacturer of organic toys! Quantity of direct materials used 6,700 lbs Actual unit price of direct materials $2.9 per lb. Units of finished product manufactured 1,605 units Standard direct materials per unit of finished product 4 lbs Direct materiais quantity variance-unfavorable 5840 Direct materials price variance-favorable $670 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 the end of the month. If required, round your standard cost per unit answer to two decimal places Product finished units Standard finished product for direct materials used units Deficiency of finished product for materials used units Standard cost for direct materials 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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

Use the Stoke’s theorem to evaluate Z Z S (∇×F)·nˆ·dS where F(x, y, z) = (x^2...

Advance Math
1.2K views

find all solutions of the congruence x^2=60(mod77)

Chemistry
1.2K views

a) What is the pH of a buffer solution prepared by mixing 120 mL of a...

Advance Math
1.2K views

Suppose that B is a 12 × 9 matrix with nullity 5. For each of the...

Physics
1.2K views

A uniform ring rolls on a horizontal surface without sliding The velocity of the centre...

Geometry
1.2K views

Words to Know exterior angle polygon regular polygon an angle formed by a side in...

Calculus
1.2K views

1 Points Find the general indefinite integral Use C for the constant of integration Remember...

Calculus
1.2K views

Sketch the following region and write an iterated integral of a continuous function f over...

Algebra
1.2K views

22 Given two similar triangles AABC and ADEF if AB 11 and DE 16 and...

Accounting
1.2K views

1. Which statement is not true? a. The journal voucher is the only source of...

Accounting
1.2K views

Perform a horizontal analysis, showing the percentage change in each income statement component between Year...

Accounting
1.2K views

The accountant of Bersatu Berhad has gathered data to prepare operational budget for 2021 of...