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Title: Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufactu Post by: bernie2981 on Nov 14, 2015 Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls. Information regarding the usage of steel and plastic for the past year follows:
Product Names Steel Plastic Direct materials information Standard pounds per unit 1 lb. 0.5 lb. Standard Price (SP) per pound $1.50 ? Actual Quantity (AQ) used per unit 1.5 lbs. 0.75 lbs. Actual Price (AP) paid for material $1.25 $2.00 Actual Quantity Purchased (AQP) and used 2,500 lbs. 1,200 lbs. Price variance ? $900 F Quantity variance $206 U ? Flexible budget variance ? $522 F Number of units produced 275 550 What is the standard direct material price per pound for the plastic in the dolls? A) $2.44/lb. B) $2.75/lb. C) $5.27/lb. D) $4.18/lb. Title: Re: Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manuf Post by: nuclei on Nov 21, 2015 Content hidden
Title: Re: Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufactu Post by: bernie2981 on Dec 1, 2015 You're such a dedicated member, I very much appreciate the help.
Marking this solved ✓ Title: Re: Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to ... Post by: Cody Willard on Dec 7, 2019 Thanks dude
Title: Re: Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to ... Post by: Hannah Brock on Apr 26, 2020 thank you !
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