Multiple Choice
An LCD screen is purchased to be used in the manufacturing of a digital watch. The standard price for the LCD screen used is $40.00. During the month of February, 3,400 screens were purchased and used. The materials price variance was $6,000 unfavorable. The standard number of screens allowed for the actual number of watches manufactured during the period was 25,000 screens. The actual purchase price of each LCD screen would be closest to
A) $39.76 per LCD screen.
B) $40.24 per LCD screen.
C) $38.24 per LCD screen.
D) $41.76 per LCD screen.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: The variable overhead rate variance may be
Q108: The Armstrong Corporation developed a flexible budget
Q133: A standard cost for production inputs is
Q153: Work in process inventory is debited for
Q154: Price variances for direct materials shows how
Q158: It is possible to have a situation
Q159: MacBeth Fabrics budgeted to manufacture 1,400 curtains
Q161: Which of the following statements would be
Q204: The _ "shows how well management has
Q227: Crown Industries has the following information about