Lilac Corporation uses standard costing. The following data are available for April:ehcienc Actual quantity of direct materials purchased and used Standard price of direct materials Actual purchase price of direct materials Materials price variance Materials spending variance 12,200 gallons $4.00 per gallon $4.25 per gallon $3,050 unfavorable $2,000 unfavorable 6 The standard quantity of material allowed for April production is: 11,482.35 gallons B. 51,850.00 gallons 11.700.00 gallons 12,462.50 gallons E None of the above A. Act att Addatt Statt X st Priu Act Pnce St Prce -12,4462 $4.00 49, 850 12, a00 X4,25 12, 200 4.00 51850 3/o50 u 1,050 F Trice var rtt var 2,000 pnding var
Lilac Corporation uses standard costing. The following data are available for April:ehcienc Actual quantity of direct materials purchased and used Standard price of direct materials Actual purchase price of direct materials Materials price variance Materials spending variance 12,200 gallons $4.00 per gallon $4.25 per gallon $3,050 unfavorable $2,000 unfavorable 6 The standard quantity of material allowed for April production is: 11,482.35 gallons B. 51,850.00 gallons 11.700.00 gallons 12,462.50 gallons E None of the above A. Act att Addatt Statt X st Priu Act Pnce St Prce -12,4462 $4.00 49, 850 12, a00 X4,25 12, 200 4.00 51850 3/o50 u 1,050 F Trice var rtt var 2,000 pnding var
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Lilac Corporation uses standard costing. The following data are available for April:ehcienc
Actual quantity of direct materials purchased and used
Standard price of direct materials
Actual purchase price of direct materials
Materials price variance
Materials spending variance
12,200 gallons
$4.00 per gallon
$4.25 per gallon
$3,050 unfavorable
$2,000 unfavorable
6 The standard quantity of material allowed for April production is:
11,482.35 gallons
B. 51,850.00 gallons
11.700.00 gallons
12,462.50 gallons
E None of the above
A.
Act att
Addatt
Statt
X
st Priu
Act Pnce
St Prce
-12,4462
$4.00
49, 850
12, a00
X4,25
12, 200
4.00
51850
3/o50 u
1,050 F
Trice var
rtt var
2,000
pnding var
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