Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit): Sitka Industries cost standards Standard Quantity Direct materials Direct labor 4 pounds 1.37 hours $5.35 per pound $13.03 per hour Standard Price Sitka Industries made 2,781 ladders in July and used 8,725 pounds of material to make these units. Smith Industries bought 17,728 pounds of material in the current period. There was a $235 unfavorable direct materials price variance. What is the direct materials quantity variance? Round to the nearest whole dollar, no decimals. If it is an unfavorable variance, enter a positive number. If is a favorable variance, enter a negative number using a dash not parentheses.

Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit): Sitka Industries cost standards Standard Quantity Direct materials Direct labor 4 pounds 1.37 hours $5.35 per pound $13.03 per hour Standard Price Sitka Industries made 2,781 ladders in July and used 8,725 pounds of material to make these units. Smith Industries bought 17,728 pounds of material in the current period. There was a $235 unfavorable direct materials price variance. What is the direct materials quantity variance? Round to the nearest whole dollar, no decimals. If it is an unfavorable variance, enter a positive number. If is a favorable variance, enter a negative number using a dash not parentheses.

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Description: Vipul b Question 13Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit):Sitka Industries cost standardsStandard QuantityDirect materialsDi

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 5BE: Standard cost journal entries Bellingham Company produced 15,000 units that require 2.5 standard...

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