Swifty has a standard of 1.2 pounds of materials per unit, at $4 per pound. In producing 3000 units, Swifty used 3700 pounds of materials at a total cost of $14510. Swifty's total material variance is $400 U. O $110 U. O $240 F. O $290 U.

Swifty has a standard of 1.2 pounds of materials per unit, at $4 per pound. In producing 3000 units, Swifty used 3700 pounds of materials at a total cost of $14510. Swifty's total material variance is $400 U. O $110 U. O $240 F. O $290 U.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter10: Standard Costing And Variance Analysis

Section: Chapter Questions

Problem 58E: At the beginning of the year, Lopez Company had the following standard cost sheet for one of its...

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Swifty has a standard of 1.2 pounds of materials per unit, at $4 per pound. In producing 3000 units, Swifty used
3700 pounds of materials at a total cost of $14510. Swifty's total material variance is
$400 U.
O $110 U.
O $240 F.
O $290 U.

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