o Yealink Company produces a productthat requires 5.0 standard pounds perunit. The standard price is $7.50 perpound. If 30,000 units used 72,000pounds, which were purchased at$8.00 per pound, what is the directmaterials (A) price variance, (B)quantity variance, and (C) costvariance?

MPV = (SR - AR)AQ Where SR = Standard rate = $7.5 per pound AR = actual rate = $8 per pound AQ =…

Answered: o Yealink Company produces a product…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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o Yealink Company produces a product that requires 5.0 standard pounds per unit. The standard price is $7.50 per pound. If 30,000 units used 72,000 pounds, which were purchased at $8.00 per pound, what is the direct materials (A) price variance, (B) quantity variance, and (C) cost variance?