Please help me with correct answer thanku April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They purchased 70,000 feet of raw material for $420,000, andIt takes 6 feet of raw materials to produce one park bench. In August, the company produced 11,000 park benches. The standard cost for material output was $132,000,and there was an unfavorable direct materials quantity variance of $6,000.A. What is April Industries' standard price for one unit of material?Standard cost per unitB. What was the total number of units of material used to produce the August output?Actual quantity feetUnitsC. What was the direct materials price variance for August?Direct materials price variance $X Unfavorable ✔

Name: Please help me with correct answer thanku April Industries employs a s
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Description: Please help me with correct answer thanku April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They purchased 70,000 feet of raw material for $420,000, andIt takes 6 feet of raw materials to produ

Variance is the difference between the standard cost and the actual cost incurred.There can be two…

Business

Accounting

A. What is April Industries' standard price for one unit of material? Standard cost per unit s 8. What was the total number of units of material used to produce the August output? Actual quantity feet Units C. What was the direct materials price variance for August? Direct materials price variance $ 5x Unfavorable ✔

A. What is April Industries' standard price for one unit of material? Standard cost per unit s 8. What was the total number of units of material used to produce the August output? Actual quantity feet Units C. What was the direct materials price variance for August? Direct materials price variance $ 5x Unfavorable ✔

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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