How to do this. Please explain. Thank you. 1. Sherwin Chemicals produces commercial strength cleansing supplies. Two of its main products arewindow cleanser that uses ammonia, and floor cleanser that uses bleach. Information for the mostrecent period follows:Product NamesWindow Cleaner (ammonia)Floor Cleaner (bleach)Direct materials informationStandard ounces per unit16 oz.24 oz.Standard price (SP) per ounce$0.75?Actual quantity (AQ) used per unit20 oz.22 oz.Actual price (AP) paid for material$1.00$0.90Actual quantity purchased (AQP) and used1,500 oz.2,800 oz..Price variance?$300 UQuantity variance$1,500 U?Flexible budget variance$678 FNumber of units produced500600Required:What is the Standard Price (SP) for bleach? Show the calculation!

Price variance = ( Actual unit cost - Standard unit cost ) x Actual quantity purchased

Answered: How to do this. Please explain. Thank…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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