Perez, Inc. recently completed 45,000 units of a product that was expected to consume five pounds of direct material per finished unit. The standard price of the direct material was $5.50 per pound. If the firm purchased and consumed 233,000 pounds in manufacturing (cost = $1,213,900), the direct-material quantity variance would be figured as: Multiple Choice $44,000 U. O $44,000 F. $67,600 U.

Perez, Inc. recently completed 45,000 units of a product that was expected to consume five pounds of direct material per finished unit. The standard price of the direct material was $5.50 per pound. If the firm purchased and consumed 233,000 pounds in manufacturing (cost = $1,213,900), the direct-material quantity variance would be figured as: Multiple Choice $44,000 U. O $44,000 F. $67,600 U.

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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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