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23) Which of the following is possible cause of an unfavorable material price variance? a)Purchasing higher- quality material b) Hiring substandard workers c) Buying substandard material d) Purchasing too much material

23) Which of the following is possible cause of an unfavorable material price variance? a)Purchasing higher- quality material b) Hiring substandard workers c) Buying substandard material d) Purchasing too much material

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the answer for number 23?

d) $116,000 23) Which of the following is possible cause of an unfavorable material price variance? a)Purchasing higher- quality material b) Hiring substandard workers c) Buying substandard material d) Purchasing too much material 24) Kay Kay Inc established the following direct labor costs for one unit of Product D Standard hours 15 hours Standard rate $20 per hour Standard costs $30(15 hours@$20 per hour) During the month of June 20,000 direct labor hours were worked and 12,500 units of product Totalwages relating to direct labor in June were $405,000.
Transcribed Image Text:d) $116,000 23) Which of the following is possible cause of an unfavorable material price variance? a)Purchasing higher- quality material b) Hiring substandard workers c) Buying substandard material d) Purchasing too much material 24) Kay Kay Inc established the following direct labor costs for one unit of Product D Standard hours 15 hours Standard rate $20 per hour Standard costs $30(15 hours@$20 per hour) During the month of June 20,000 direct labor hours were worked and 12,500 units of product Totalwages relating to direct labor in June were $405,000.
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