Multiple Choice
A company uses 40000 gallons of materials for which they paid $7.00 a gallon. The materials price variance was $80000 favorable. What is the standard price per gallon?
A) $2
B) $5
C) $7
D) $9
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q139: The predetermined overhead rate for Zane Company
Q140: During March Patt Inc. purchases and uses
Q141: The materials price variance is normally caused
Q142: Monster Company produces a product requiring 3
Q143: The balanced scorecard approach<br>A) uses only financial
Q145: If the actual direct labor hours worked
Q146: Variances from standards are<br>A) expressed in total
Q147: A company purchases 12000 pounds of materials.
Q148: Oxnard Industries produces a product that requires
Q149: A total materials variance is analyzed in