Biology Forums - Study Force

Other Fields Homework Help Accounting Topic started by: mb83 on Jan 22, 2023



Title: Adler Industries uses a standard cost system in which direct material is carried at standard cost. ...
Post by: mb83 on Jan 22, 2023
Adler Industries uses a standard cost system in which direct material is carried at standard cost. Adler has established the following standards for one unit of product: standard quantity of 8 pounds, standard price $1.80 per pound. During January, Adler purchased 160,000 pounds of direct material at a cost of $304,000 and used 142,500 pounds in production of 18,700 units.

Required:

Calculate the direct materials price variance and indicate whether the variance is favorable or unfavorable.


Title: Adler Industries uses a standard cost system in which direct material is carried at standard cost. ...
Post by: Ludacris2065 on Jan 22, 2023
Content hidden