Bounder Corp. purchased 22,000 pounds of materials in October at a total cost of $35,250. However, only 20,500 pounds were used in production during October. The company had a favorable direct materials price variance of $3,250 and an unfavorable usage variance of $3,675 for October. How many pounds should the company have used for production in October? а. 19,900 роunds b. 22,600 pounds 18,400 pounds d. 24,527 pounds е. 24,100 роunds f. 19,473 pounds g. 23,027 pounds h. None of the above. с.

Bounder Corp. purchased 22,000 pounds of materials in October at a total cost of $35,250. However, only 20,500 pounds were used in production during October. The company had a favorable direct materials price variance of $3,250 and an unfavorable usage variance of $3,675 for October. How many pounds should the company have used for production in October? а. 19,900 роunds b. 22,600 pounds 18,400 pounds d. 24,527 pounds е. 24,100 роunds f. 19,473 pounds g. 23,027 pounds h. None of the above. с.

Name: 7.cost of $35,250. However, only 20,500 pounds were used in productio
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Description: 7.cost of $35,250. However, only 20,500 pounds were used in production during October.The company had a favorable direct materials price variance of $3,250 and anunfavorable usage variance of $3,675 for October. How many pounds should thecompany hav

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 Grant Company's standard materials cost per unit of output is $10.00 (2.00 pounds x $5.00 per pound). During July, the company purchases and uses 2,420 pounds of materials costing $12,826 in making 1,100 units of finished product. Compute the total material variance. O $726 unfavorable O $1,826 favorable O $2,926 unfavorable O $1,826 unfavorable
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Provide correct answer
just C.
None
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