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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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