The following data for a company pertain to the production of 800 urns during August....

60.1K

Verified Solution

Question

Accounting

The following data for a company pertain to the production of 800 urns during August.

Direct Materials (all materials purchased were used):

Standard cost: $4.80 per pound of urn.

Total actual cost: $4,480.

Standard cost allowed for units produced was $4,800.

Materials efficiency variance was $96 unfavorable.

Required: a. What is standard direct material amount per urn?

b. What is the direct material flexible budget variance?

c. What is the actual direct material amount used per urn?

d. What is the actual paid per pound?

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