Homework Help is Here – Start Your Trial Now!
Business
Accounting
Carnation Corporation's standards for producing a plant fertilizer included 10 pounds of materials at S4 per pound for each bag of fertilizer. Budget: Actual Planned output Actual output 2,000 bags 2.200 bags 11 pounds per bagy 28,000 pounds Direct materials used Direct materials purchased Direct material purchase price variance The standard direct-material cost allowed for actual output achieved is: 5.600 unfavorable S A. $ 80,000.00 B $ 88,000.00 s96,800.00 st att Actual att 24 a00 Actual att 24200 22,000 D. S 101,640.00 E. None of the above X X A chual Pn'e 4.23 st Poce 961800 St Prce 4 88 000 LJ 10a,400 Qt vanane puice vanane $5600u 2 The purchase price of direct material per pound was: 4.00 A. $ B. S 3.80 4.20 S 4.23 S 3.77 Actual att 24,200 p 102,400 P= 4.23

Carnation Corporation's standards for producing a plant fertilizer included 10 pounds of materials at S4 per pound for each bag of fertilizer. Budget: Actual Planned output Actual output 2,000 bags 2.200 bags 11 pounds per bagy 28,000 pounds Direct materials used Direct materials purchased Direct material purchase price variance The standard direct-material cost allowed for actual output achieved is: 5.600 unfavorable S A. $ 80,000.00 B $ 88,000.00 s96,800.00 st att Actual att 24 a00 Actual att 24200 22,000 D. S 101,640.00 E. None of the above X X A chual Pn'e 4.23 st Poce 961800 St Prce 4 88 000 LJ 10a,400 Qt vanane puice vanane $5600u 2 The purchase price of direct material per pound was: 4.00 A. $ B. S 3.80 4.20 S 4.23 S 3.77 Actual att 24,200 p 102,400 P= 4.23

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
100%

are the answers correct?

Carnation Corporation's standards for producing a plant fertilizer included 10 pounds of materials at S4 per pound for each bag of fertilizer. Budget: Actual Planned output Actual output 2,000 bags 2.200 bags 11 pounds per bagy 28,000 pounds Direct materials used Direct materials purchased Direct material purchase price variance The standard direct-material cost allowed for actual output achieved is: 5.600 unfavorable S A. $ 80,000.00 B $ 88,000.00 s96,800.00 st att Actual att 24 a00 Actual att 24200 22,000 D. S 101,640.00 E. None of the above X X A chual Pn'e 4.23 st Poce 961800 St Prce 4 88 000 LJ 10a,400 Qt vanane puice vanane $5600u 2 The purchase price of direct material per pound was: 4.00 A. $ B. S 3.80 4.20 S 4.23 S 3.77 Actual att 24,200 p 102,400 P= 4.23
Transcribed Image Text:Carnation Corporation's standards for producing a plant fertilizer included 10 pounds of materials at S4 per pound for each bag of fertilizer. Budget: Actual Planned output Actual output 2,000 bags 2.200 bags 11 pounds per bagy 28,000 pounds Direct materials used Direct materials purchased Direct material purchase price variance The standard direct-material cost allowed for actual output achieved is: 5.600 unfavorable S A. $ 80,000.00 B $ 88,000.00 s96,800.00 st att Actual att 24 a00 Actual att 24200 22,000 D. S 101,640.00 E. None of the above X X A chual Pn'e 4.23 st Poce 961800 St Prce 4 88 000 LJ 10a,400 Qt vanane puice vanane $5600u 2 The purchase price of direct material per pound was: 4.00 A. $ B. S 3.80 4.20 S 4.23 S 3.77 Actual att 24,200 p 102,400 P= 4.23
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Pecking Order Theory
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS