Top Posters
Since Sunday
4
s
4
t
4
k
4
H
3
S
3
c
3
m
3
b
3
d
3
d
3
b
3
New Topic  
cacerami cacerami
wrote...
Posts: 93
Rep: 0 0
7 months ago
Wolfe Manufacturing Company's standards are set at one gallon of liquid for each unit of production at a cost of $2.10 per gallon. Actual production was 50,000 units using 45,000 gallons of liquid at a cost of $2.20 per gallon.

Required:

a.Calculate the direct material price variance.
b.Calculate the direct material quantity variance.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 32 times
1 Reply
Replies
Answer verified by a subject expert
starikovsstarikovs
wrote...
Posts: 85
Rep: 0 0
7 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
a.($2.10 - $2.20) × 45,000 = $4,500 unfavorable
b.(50,000 - 45,000) × $2.10 = $10,500 favorable


1

Related Topics

cacerami Author
wrote...

7 months ago
Thanks
wrote...

Yesterday
You make an excellent tutor!
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  267 People Browsing
 286 Signed Up Today
Related Images
  
 236
  
 294
  
 195
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 15