The Fletcher Company uses standard costing. The following data are available for October: Actual quantity of direct materials used.... Standard price of direct materials Materials quantity variance. 23.500 pounds $2 per pound $1.000 favorable ...... The standard quantity of material allowed for October production is: Select one: a. 24,000 pounds b. 24,500 pounds c.25,000 pounds d. 23,000 pounds

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The Fletcher Company uses standard costing. The following data are available for October:
Actual quantity of direct materials used.. 23.500 pounds
Standard price of direct materials
Materials quantity variance.
The standard quantity of material allowed for October production is:
$2 per pound
$1.000 favorable
..L.
Select one:
a.24,000 pounds
b. 24,500 pounds
c.25,000 pounds
d. 23,000 pounds
Transcribed Image Text:The Fletcher Company uses standard costing. The following data are available for October: Actual quantity of direct materials used.. 23.500 pounds Standard price of direct materials Materials quantity variance. The standard quantity of material allowed for October production is: $2 per pound $1.000 favorable ..L. Select one: a.24,000 pounds b. 24,500 pounds c.25,000 pounds d. 23,000 pounds
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