Standard quantity per unit of output Standard price 3.4 grams $12.00 per grams T

Question

Standard quantity per unit of output Standard price 3.4 grams $12.00 per grams The following data pertain to operations concerning the product for the last month Actual materials purchased Actual cost of materials purchased Actual materials used in production 2,200 grams $ 25,630 1,500 grams 410 units als purchases variance is computed when the materials are purchased materials price variance for the month? (Input the amount as a positive value. Leave no be certain to enter "O wherever required. Indicate the effect of each variance by ting F for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.) s price variance

Explanation / Answer

Ans. Material price variance    = 7635 unfavorable *Calculation: Material price variance   = (SP - AP) * AQ (12 - 17.09) * 1500 -7635 *AP = AC / AQ 25630 / 1500 17.09 SP = standard price AP = Actual price AQ = Actual quantity AC = Actual cost

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.