Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. zz tire company has gotten an order for its manufa

ZZ Tire Company has gotten an order for its manufacturing business segment of 30,000 tires....

50.1K

Verified Solution

Question

Accounting

ZZ Tire Company has gotten an order for its manufacturing business segment of 30,000 tires. Below is the standard cost and quantity of materials needed to make one tire. Rubber in one tire: 8 pounds of rubber Cost per pound of rubber: $1.50 Steel used in tire: 2 pounds of steel Cost per pound of steel: $2.50 After some time, the price or rubber has gone up to $1.75 a pound, and the price of steel has dropped to $2.00 a pound. Find out the direct materials price variance.

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

Consider the following alternative projects in the table below.Each project would last for five...

Accounting
Q

The sum of three nonnegative numbers is 36. One of the numbers is twice one of...

Basic Math
Q

Scenario: A local park is being converted into a COVID-19 testing site. Describe the internal and external...

Operations Management
Q

The osmotic pressure, Π, of a solution of glucose is 34.2 atm . Find the molarity...

Chemistry
Q

Biological role of adaptive and innate immunity in vaccination. (20marks).

Medical Sciences
Q

4. What are the important advantages and disadvantages of using various assessment methods (OD)?

General Management
Q

Use the genetic code table and the information in the diagram below to determine the...

Biology
Q

The moment of inertia of a thin sheet of mass M of the given shape...

Physics
Q

A car moving with 30 m/s collides head on with a stationary car. The cars...

Physics
Q

30 ALLEN The equivalent resistance between the points A 30 fefe for in and B...

Physics
Q

What is the value of current liabilities? Cash $50,000 Sales $30,000 Cost of Goods Sold...

Accounting
Q

Roberto Corporation was organized on January 1, 2024. The firm was authorized to issue 86,000...

Accounting