The following information is available for Waterways Chocolates: Actual production ...
90.2K
Verified Solution
Link Copied!
Question
Accounting
The following information is available for Waterways Chocolates:
| Actual production | 2,980 | boxes | |
| Budgeted production | 3,630 | boxes |
| Direct Materials | |
| Standard | 1.5 pounds of chocolate per box @ $8.01 per pound |
| Actual | 6,610 pounds purchased @ $7.72 per pound |
| 4,820 pounds used @ $7.72 per pound |
(a) Calculate the direct materials price and quantity variances. (Round answers to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter 0 for the amounts.)
| Direct material price variance | (favorable/unfavorable/NA) |
| |
| Direct material quantity variance | (favorable/unfavorable/NA) |
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.