The following materials standards have been established for a particular product: ...
60.1K
Verified Solution
Link Copied!
Question
Accounting
The following materials standards have been established for a particular product:
| Standard quantity per unit of output | 4.4 | pounds | |
| Standard price | $ | 13.20 | per pound |
The following data pertain to operations concerning the product for the last month:
| Actual materials purchased | 4,800 | pounds | |
| Actual cost of materials purchased | $ | 62,880 | |
| Actual materials used in production | 4,800 | pounds | |
| Actual output | 700 | units | |
The direct materials purchases variance is computed when the materials are purchased.
What is the materials price variance for the month?
Multiple Choice
$480 U
$480 F
$308 U
$308 F
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.