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Home Q & A Board Other Fields Homework Help Business Accounting
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usmc2rn usmc2rn
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A year ago

The following materials standards have been established for a particular product:

Standard quantity per unit of output4.5meters
Standard price$ 18.80per meter

The following data pertain to operations concerning the product for the last month:

Actual materials purchased8,000meters
Actual cost of materials purchased$ 158,800
Actual materials used in production7,300meters
Actual output1,560units

What is the materials price variance for the month?



▸ $5,558 U

▸ $8,400 U

▸ $8,700 U

▸ $14,840 U
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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abu-jahdoabu-jahdo
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A year ago
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usmc2rn Author
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A year ago
Thank you, thank you, thank you!
Kstan109
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Yesterday
Just got PERFECT on my quiz
emilyas19
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2 hours ago
Brilliant ツ
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