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Home Q & A Board Other Fields Homework Help Business Accounting
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mb83 mb83
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2 months ago
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.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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Ludacris2065Ludacris2065
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$304,000 - ($1.80 × 160,000) = $16,000 unfavorable
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mb83 Author
wrote...

2 months ago
Thanks for your help!!
IvanaVR
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Yesterday
Good timing, thanks!
lubennick
wrote...

2 hours ago
Thanks
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