Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
bernie2981 bernie2981
wrote...
Go to Answer
Posts: 3810
Rep: 26 0
8 years ago
Puget Company has gathered the following information about its purchase and use of raw materials for December:

Standard Price (SP) per pound of raw material   $12.00
Actual purchase price per pound of raw material   $11.50
Standard Quantity Allowed (SQ.A
for actual production (pounds)   1,000
Actual Quantity (AQ) of raw materials purchased (pounds)   1,150

Puget Company uses a standard cost system. What is the materials price variance?
A) $575 favorable
B) $500 unfavorable
C) $500 favorable
D) $575 unfavorable
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 380 times
2 Replies
Replies
Answer verified by a subject expert
nucleinuclei
wrote...
#1
Top Poster
Posts: 2158
Rep: 418 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

bernie2981 Author
wrote...
#2
8 years ago
Answers my question perfectly.
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1324 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 259
  
 1802
  
 444
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4
Previous poll results: Do you believe in global warming?