%24 Pina Colada Manufacturing provided the following information about its standard costing system for 2022: Standard Data Actual Data Materials 10 Ibs. @ S4 per Ibs. Produced 4,120 units Labor 3 hrs. @$21 perhr. Materials purchased 51,230 lbs. for$220,289 Budgeted production 3,620 units Materials used 42,200 lbs. Labor worked 11,340 hrs.costing $226,800 () Determine the amount of the materials price variance. Identify whetherthe variance is favorable or unfavorable. Materials Price Variance eTextbook and Media Sarefor Later Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above.

%24 Pina Colada Manufacturing provided the following information about its standard costing system for 2022: Standard Data Actual Data Materials 10 Ibs. @ S4 per Ibs. Produced 4,120 units Labor 3 hrs. @$21 perhr. Materials purchased 51,230 lbs. for$220,289 Budgeted production 3,620 units Materials used 42,200 lbs. Labor worked 11,340 hrs.costing $226,800 () Determine the amount of the materials price variance. Identify whetherthe variance is favorable or unfavorable. Materials Price Variance eTextbook and Media Sarefor Later Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above.

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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Question

Unit VIII question 3 part a

%24
Pina Colada Manufacturing provided the following information about its standard costing system for 2022:
Standard Data
Actual Data
Materials
10 Ibs. @ S4 per Ibs.
Produced
4,120 units
Labor
3 hrs. @$21 perhr.
Materials purchased
51,230 lbs. for$220,289
Budgeted production
3,620 units
Materials used
42,200 lbs.
Labor worked
11,340 hrs.costing $226,800
()
Determine the amount of the materials price variance. Identify whetherthe variance is favorable or unfavorable.
Materials Price Variance
eTextbook and Media
Sarefor Later
Attempts: 0 of 3 used
Submit Answer
(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.

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