The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 6.0 meters $19.00 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased 10, 200 meters $201,500
The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 6.0 meters $19.00 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased 10, 200 meters $201,500
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 1PB: Direct materials and direct labor variance analysis Lenni Clothing Co. manufactures clothing in a...
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Multiple Choice
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$2,371 U
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$7,700 U
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$10,800 U
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$16,320 U
![The following materials standards have been established for a particular product:
23
Standard quantity per unit of output
Standard price
6.0 meters
$19.00 per meter
X 01:31:31
The following data pertain to operations concerning the product for the last month:
Actual materials purchased
Actual cost of materials purchased
Actual materials used in production
Actual output
10, 200 meters
$201,500
9,600 meters
1,580 units
What is the materials price variance for the month?
Multiple Choice
$2,371 U
$7,700 U](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc5966507-0fa2-49d7-8229-2cbf653ffce4%2Fa7c0a798-729a-4cf2-a2fe-f47350db4ef8%2Fh0011w_processed.png&w=3840&q=75)
Transcribed Image Text:The following materials standards have been established for a particular product:
23
Standard quantity per unit of output
Standard price
6.0 meters
$19.00 per meter
X 01:31:31
The following data pertain to operations concerning the product for the last month:
Actual materials purchased
Actual cost of materials purchased
Actual materials used in production
Actual output
10, 200 meters
$201,500
9,600 meters
1,580 units
What is the materials price variance for the month?
Multiple Choice
$2,371 U
$7,700 U
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