Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

I need assistance with the below, the 3 items that are highlighted in yellow are

ID: 2529084 • Letter: I

Question

I need assistance with the below, the 3 items that are highlighted in yellow are INCORRECT, please show how to get the CORRECT ANSWER.

QUESTION Z Partially correct 5.00 points out of 8.00 P Flag question Materials Variances Assume that Pearle Vision uses standard costs to control the materials in its made-to-order sunglasses. The standards call for 2 ounces of material for each pair of lenses. The standard cost per ounce of material is $17.00. During July, the Santa Clara location produced 5,200 pairs of sunglasses and used 9,900 ounces of materials. The cost of the materials during July Required a. Determine the flexible budget materials cost for the completion of the 5,200 pairs of glasses. 176.800 b. Determine the actual materials cost incurred for the completion of the 5,200 pairs of glasses and compute the total materials variance 170.775 x actual materials cost $ 6,025 C. How much of the total variance was related to the price paid to purchase the materials? F total materials variance d. How much of the difference between the answers to requirements (a) and (b) was related to the quantity of materials uuxt $ 8,500 F

Explanation / Answer

Actual Material Cost = 9900 x 17.25 = $ 170775

Material Price Variance = (17.00 - 17.25) x 9900 = $ 2475 (U)

Material Quantity Variances = (10400 - 9900) x 17 = $ 8500 (F)

Total Material Cost Variance = (8500-2475) = $ 6025

Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
Chat Now And Get Quote