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bernie2981 bernie2981
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8 years ago
Rzepka Corporation manufactures jeweled cell phone cases. The following materials standards have been established for the jewels used to decorate the cell phone cases.

Standard quantity per case (grams)   3.5
Standard Price (SP) per gram of jewels   $3.00

The following data relates to the production of the cell phone cases during June:

Actual jewels purchased and used (grams)   1,400
Actual cost of jewels purchased   $4,100
Actual number of cases produced   500

What is the materials price variance for jewels in June?
A) $100 unfavorable
B) $4,200 unfavorable
C) $100 favorable
D) $4,200 favorable
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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#2
8 years ago
Quote from: bernie2981 (8 years ago)
Rzepka Corporation manufactures jeweled cell phone cases. The following materials standards have been established for the jewels used to decorate the cell phone cases.

Standard quantity per case (grams)   3.5
Standard Price (SP) per gram of jewels   $3.00

The following data relates to the production of the cell phone cases during June:

Actual jewels purchased and used (grams)   1,400
Actual cost of jewels purchased   $4,100
Actual number of cases produced   500

What is the materials price variance for jewels in June?
A) $100 unfavorable
B) $4,200 unfavorable
C) $100 favorable
D) $4,200 favorable
bernie2981 Author
wrote...
#3
8 years ago
Wow! Thank you
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