Cox Company's direct material costs for the month of January were as follows: Actual quantity purchased.... Actual unit purchase price. Materials 18.000 kilograms $3.60 per kilogram price variance-unfavorable (based on purchases. Standard quantity allowed for actual production. Actual quantity used... $3.600 16,000 kilograms 15,000 kilograms For January there was a favorable direct materials quantity variance of: Select one: a. $3,800 b. 53,400 C. 53,360 o d.$3,375

Cox Company's direct material costs for the month of January were as follows: Actual quantity purchased.... Actual unit purchase price. Materials 18.000 kilograms $3.60 per kilogram price variance-unfavorable (based on purchases. Standard quantity allowed for actual production. Actual quantity used... $3.600 16,000 kilograms 15,000 kilograms For January there was a favorable direct materials quantity variance of: Select one: a. $3,800 b. 53,400 C. 53,360 o d.$3,375

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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