Multiple Choice
Exeter has a materials standard of 1 pound per unit of output.Each pound has a standard price of $26 per pound.During July,Exeter paid $66,100 for 2,475 pounds,which it used to produce 2,350 units.What is the direct materials price variance?
A) $1,750 unfavorable
B) $1,300 favorable
C) $6,300 unfavorable
D) $5,000 unfavorable
Correct Answer:
Verified
Correct Answer:
Verified
Q39: Ferry Chemical uses a standard cost system
Q40: Scarlett Company has a direct materials standard
Q41: Delaware Corp.prepared a master budget that included
Q42: When completing a variance analysis,we describe variances
Q43: Warner Company has budgeted fixed overhead of
Q45: Tucker Co.has budgeted fixed overhead of $225,000
Q46: At the end of the accounting period,all
Q47: A standard cost system records costs at
Q48: Bonnie Company has a direct labor standard
Q49: How do managers and companies set price