The united Company produced 2,500 units of the product X by using 4,700 kg of direct materials A out of 5,500 kg purchased at a price of $6.3 per kilogram. The standard quantity of direct material needed to produce 2,500 units of the product X is 4,400 Kg and the standard price of the material A is 6$/Kg the price variance for the direct materials is : Select one: a. 1,800 U b. 1,650 U C. 1,650 F d. 1,800 F e. never a variance

The united Company produced 2,500 units of the product X by using 4,700 kg of direct materials A out of 5,500 kg purchased at a price of $6.3 per kilogram. The standard quantity of direct material needed to produce 2,500 units of the product X is 4,400 Kg and the standard price of the material A is 6$/Kg the price variance for the direct materials is : Select one: a. 1,800 U b. 1,650 U C. 1,650 F d. 1,800 F e. never a variance

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Description: My courses20203الفرع الرئيسيالأعمال والاقتصادانظمة معلومات محاسبيةالمحاسبة الادارية نظري - طولكرمالامتحان النهاتالمحاسبة الإدارية نظريThe united Company produced 2,500 units of the product X by using 4,700 kg of direct materialsA out of 5,500 kg pur

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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Edgar, Inc. has a materials price standard of $1.75 per pound. eight thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4,000 pounds, although the standard quantity allowed for the output was 5,400 pounds. Calculate the materials price variance
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