The standard price of materials is $3.6 per pound and the standard quantity allowed for actual output is 5620 pounds. If the actual quantity purchased and used was 5070 pounds, and the actual price per pound was $4.7, the direct materials quantity variance is Indicate whether the variance is F (favorable) or U (Unfavorable) by placing the letter next to the amount. For example, if your answer is 1,000 Favorable, answer 1000F, Do not use a space between the amount and the letter. Show your answer as an absolute number (no negative signs)

The standard price of materials is $3.6 per pound and the standard quantity allowed for actual output is 5620 pounds. If the actual quantity purchased and used was 5070 pounds, and the actual price per pound was $4.7, the direct materials quantity variance is Indicate whether the variance is F (favorable) or U (Unfavorable) by placing the letter next to the amount. For example, if your answer is 1,000 Favorable, answer 1000F, Do not use a space between the amount and the letter. Show your answer as an absolute number (no negative signs)

Name: QUESTION 8VThe standard price of materials is $3.6 per pound and the
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Description: QUESTION 8VThe standard price of materials is $3.6 per pound and the standard quantity allowed for actual output is 5620 pounds. If theactual quantity purchased and used was 5070 pounds, and the actual price per pound was $4.7, the direct materials

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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