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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The following is data obtained from cheese cake production activities by PT Cheese Higen for January 2018 During January 2018, the number of cheese cakes produced was 20.000 units Requested: 1. What is the total production cost and production cost of cheese cake per unit? 2. What is the total prime cost and prime cost of cheese cake per unit? 3. What is the total conversion cost and the cheese cake conversion cost per unit?
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STI Industries manufactures two types of industrial staplers, small and regular. During October,STI purchased direct materials to produce its staplers. The quantity purchased equaled thequantity used. Related information for direct materials is as follows: Small RegularDirect materials Stapler StaplerStandard ounces per unit 12 cStandard price per ounce $2.00 $2.50Actual quantity purchased (used) per unit a 16.75Actual price per ounce $2.50 $2.80Materials price variance $1,000 U $2,010 U Materials usage variance $800 F…
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What is the actual cost per yard of fabric purchased on this accounting question?
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