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Ayers Company reports the following standards for direct materials for the year:Standard cost per po

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Ayers Company reports the following standards for direct materials for the year:Standard cost per po

Ayers Company reports the following standards for direct materials for the year:

Standard cost per pound   $4.75
Standard amount per finished good   8.5 pounds

During the year, 460,000 finished goods were produced. The direct materials price variance was $14,200 unfavorable. The direct materials flexible budget variance was $980 favorable.

Calculate the following items regarding direct materials for Ayers Company for the year:

a.   Direct materials quantity variance
b.   Standard quantity of direct materials for actual production
c.   Actual pounds of Actual Quantity Direct Materials Used (AQU) for actual production

Textbook

Managerial Accounting

Edition: 4^th

Author: Braun

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bernie2981 Author

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9 years ago

Wow! Thank you

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