Solved

A Company Provided the Following Direct Materials Cost Information

Question 111

Multiple Choice

A company provided the following direct materials cost information.Compute the cost variance. A company provided the following direct materials cost information.Compute the cost variance. A) $2,500 Favorable. B) $78,250 Favorable. C) $78,250 Unfavorable. D) $80,750 Favorable. E) $80,750 UnfavorablE.Actual cost $888,250 - Standard cost $810,000 = $78,250 U


A) $2,500 Favorable.
B) $78,250 Favorable.
C) $78,250 Unfavorable.
D) $80,750 Favorable.
E) $80,750 UnfavorablE.Actual cost $888,250 - Standard cost $810,000 = $78,250 U

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q35: Lavoie Company planned to use 18,500 pounds

Q65: A management approach that focuses attention on

Q70: In sales variance analysis, the budgeted amount

Q108: A company uses the following standard costs

Q109: Use the following data to find the

Q112: In preparing flexible budgets,the costs that remain

Q113: Milltown Company specializes in selling used cars.During

Q114: Cavern Company's output for the current period

Q114: Standard material costs, standard labor costs, and

Q115: Sanchez Company's output for the current period