|
Title: The Andre Company purchased 15,000 pounds of direct material at $12.50 per pound. It used 13,000 ... Post by: LiChan on Dec 13, 2016 The Andre Company purchased 15,000 pounds of direct material at $12.50 per pound. It used 13,000 pounds to make 8,000 finished units. The standard cost for direct material is $13.00 per pound and the quantity standard is 1.5 pounds per finished unit. The Andre Company uses a standard cost system.
REQUIRED: 1.) How much should the company have paid for the 15,000 pounds? 2.) Determine the direct material price variance based upon the amount of direct material purchased. 3.) How many pounds of direct material should have been used to make the 8,000 finished units? 4.) Determine the direct material quantity variance in pounds of material. 5.) Determine the direct material quantity variance in dollars. Title: Re: The Andre Company purchased 15,000 pounds of direct material at $12.50 per pound. It used 13,000 ... Post by: hol23 on Dec 15, 2016 Content hidden
Title: Re: The Andre Company purchased 15,000 pounds of direct material at $12.50 per pound. It used 13,000 ... Post by: LiChan on Jan 26, 2017 How do you know this stuff so well, wish I was as smart
|