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B. If they bought 11,000 connectors costing $230, what would the direct materials price variance be for the connectors? Round your intermediate calculations to three decimal places. Direct materials price variance 10 X Unfavorable

B. If they bought 11,000 connectors costing $230, what would the direct materials price variance be for the connectors? Round your intermediate calculations to three decimal places. Direct materials price variance 10 X Unfavorable

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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Large Small 3 feet at $0.20 per foot 1.25 feet at $0.20 per foot 1 at $0.02 1 at $0.02 Rubber Connector At the beginning of the month, Ed Co. bought 26,000 feet of rubber for $7,150. The company made 3,000 large O rings and 4,000 small O rings. The company used 14,600 feet of rubber. A. What are the direct materials price variance, the direct materials quantity variance, and the total direct materials cost variance? Enter all amounts as positive numbers. If required round your answers to two decimal places. ✔Unfavorable ✔Unfavorable ✔Unfavorable Direct materials price variance Direct materials quantity variance Total direct materials cost variance 3:42 B. If they bought 11,000 connectors costing $230, what would the direct materials price variance be for the connectors? Round your intermediate calculations to three decimal places. Direct materials price variance f 10 X Unfavorable C. If there was an unfavorable direct materials price variance of $120, how much did they pay per foot for the rubber? Round your answer to two decimal places. Actual price t
Transcribed Image Text:Large Small 3 feet at $0.20 per foot 1.25 feet at $0.20 per foot 1 at $0.02 1 at $0.02 Rubber Connector At the beginning of the month, Ed Co. bought 26,000 feet of rubber for $7,150. The company made 3,000 large O rings and 4,000 small O rings. The company used 14,600 feet of rubber. A. What are the direct materials price variance, the direct materials quantity variance, and the total direct materials cost variance? Enter all amounts as positive numbers. If required round your answers to two decimal places. ✔Unfavorable ✔Unfavorable ✔Unfavorable Direct materials price variance Direct materials quantity variance Total direct materials cost variance 3:42 B. If they bought 11,000 connectors costing $230, what would the direct materials price variance be for the connectors? Round your intermediate calculations to three decimal places. Direct materials price variance f 10 X Unfavorable C. If there was an unfavorable direct materials price variance of $120, how much did they pay per foot for the rubber? Round your answer to two decimal places. Actual price t
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