Exeter Company has a materials standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter paid $66,396 for 2,490 pounds, which it used to produce 2,370 units of product. What is the direct materials price variance? Multiple Choice $2,056 favorable $1,960 unfavorable $1,800 unfavorable $1,656 unfavorable
Exeter Company has a materials standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter paid $66,396 for 2,490 pounds, which it used to produce 2,370 units of product. What is the direct materials price variance? Multiple Choice $2,056 favorable $1,960 unfavorable $1,800 unfavorable $1,656 unfavorable
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Question
Exeter Company has a materials standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter paid $66,396 for 2,490 pounds, which it used to produce 2,370 units of product. What is the direct materials price variance?
Multiple Choice
-
$2,056 favorable
-
$1,960 unfavorable
-
$1,800 unfavorable
-
$1,656 unfavorable
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