Multiple Choice
Lucas Company has set standards for the manufacturing of clay pots to be 2 pounds of direct materials,per pot,at a cost of $3 per pound.During the current period,600 pounds of direct materials were purchased for $1842.All of the direct materials were used to manufacture 295 pots.Lucas's direct materials price variance was
A) $72 (U) .
B) $42 (U) .
C) $72 (F) .
D) zero.
Correct Answer:

Verified
Correct Answer:
Verified
Q9: Point Company uses the standard costing method.
Q24: Service organizations do not develop standards for<br>A)
Q30: The "flex" in the flexible budget formula
Q37: Ewing Corporation's controller has developed the
Q38: The total overhead variance is the difference
Q45: Service organizations use direct materials, direct labor,
Q50: Standard costs for company products are typically
Q64: A summary of expected costs for a
Q70: A performance report should contain cost or
Q89: The direct labor efficiency variance is the