April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They p it takes 5 feet of raw materials to produce one park bench. In August, the company produced 11,000 park bench 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 unit $ B. 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?

April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They p it takes 5 feet of raw materials to produce one park bench. In August, the company produced 11,000 park bench 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 unit $ B. 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?

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Description: April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They purchased 60,000 feet of raw material for $240,000, andit takes 5 feet of raw materials to produce one park bench. In August, the company

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Chapter1: Financial Statements And Business Decisions

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