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The Following Data Pertain to Operations Concerning the Product for the Last

Question 128

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The following data pertain to operations concerning the product for the last month: The following data pertain to operations concerning the product for the last month:   What is the materials price variance for the month? A.$14,850 U B.$8,250 U C.$8,640 U <underLine>D.</underLine> $2,860 F AP = $60,500 / 4,400 = $13.75 Materials price variance = AQ (AP - SP)  = 4,400 ($13.75 - $14.40)  = $2,860 F -In October,5,000 meters of raw material were purchased at an actual cost of $4.50 per meter.During October,4,850 meters of the raw material were used to produce 2,400 units of the completed product.Standards call for 2 meters of the raw material for each unit of the completed product.The standard price of the raw material is $4.70 per meter.The materials variances for October were:   A) Option A B) Option B C) Option C D) Option D What is the materials price variance for the month?
A.$14,850 U
B.$8,250 U
C.$8,640 U
<underLine>D.</underLine> $2,860 F
AP = $60,500 / 4,400 = $13.75
Materials price variance = AQ (AP - SP) = 4,400 ($13.75 - $14.40) = $2,860 F
-In October,5,000 meters of raw material were purchased at an actual cost of $4.50 per meter.During October,4,850 meters of the raw material were used to produce 2,400 units of the completed product.Standards call for 2 meters of the raw material for each unit of the completed product.The standard price of the raw material is $4.70 per meter.The materials variances for October were: The following data pertain to operations concerning the product for the last month:   What is the materials price variance for the month? A.$14,850 U B.$8,250 U C.$8,640 U <underLine>D.</underLine> $2,860 F AP = $60,500 / 4,400 = $13.75 Materials price variance = AQ (AP - SP)  = 4,400 ($13.75 - $14.40)  = $2,860 F -In October,5,000 meters of raw material were purchased at an actual cost of $4.50 per meter.During October,4,850 meters of the raw material were used to produce 2,400 units of the completed product.Standards call for 2 meters of the raw material for each unit of the completed product.The standard price of the raw material is $4.70 per meter.The materials variances for October were:   A) Option A B) Option B C) Option C D) Option D


A) Option A
B) Option B
C) Option C
D) Option D

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