Degregorio Corporation makes a product that uses a material with the following direct material standards: Standard quantity: 2.4 kilos per unit Standard price: $6.00 per kilo The company produced 6,600 units in November using 16,180 kilos of the material. During the month, the company purchased 18,220 kilos of direct material at a total cost of $105,676. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for November is: a. $2,940 F b. $2,940 U c. $3,644 F d. $3,644 U
Degregorio Corporation makes a product that uses a material with the following direct material standards: Standard quantity: 2.4 kilos per unit Standard price: $6.00 per kilo The company produced 6,600 units in November using 16,180 kilos of the material. During the month, the company purchased 18,220 kilos of direct material at a total cost of $105,676. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for November is: a. $2,940 F b. $2,940 U c. $3,644 F d. $3,644 U
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 5PA: Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but...
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