d at $2.30 a kilogram. used was 3630 kilogra quantity allowed for th

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Pharoah Company has a materials price standard of
$2.60 per kilogram. 3960 kilograms of materials were
purchased at $2.30 a kilogram. The actual quantity of
materials used was 3630 kilograms, although the
standard quantity allowed for the output was 3460
kilograms.
Pharoah Company's materials quantity variance is
0$442U.
O $442 F.
0$1038 F.
0$1038 U.
Transcribed Image Text:Pharoah Company has a materials price standard of $2.60 per kilogram. 3960 kilograms of materials were purchased at $2.30 a kilogram. The actual quantity of materials used was 3630 kilograms, although the standard quantity allowed for the output was 3460 kilograms. Pharoah Company's materials quantity variance is 0$442U. O $442 F. 0$1038 F. 0$1038 U.
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