Turrubiates Corporation makes a product that uses a material with the following standards standard quantity standard price 8.1 liters per unit $ 2.60 per 1liter $21.06 per unit Standard cost The company budgeted for production of 3,900 units in April, but actual production was 4,000 units The company used 33,300 liters of direct material to produce this output The company purchased 20,200 liters of the direct material at $270 per liter. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for April is: Multiple Choice $2430 U $2.340 U $2.430 F

Turrubiates Corporation makes a product that uses a material with the following standards standard quantity standard price 8.1 liters per unit $ 2.60 per 1liter $21.06 per unit Standard cost The company budgeted for production of 3,900 units in April, but actual production was 4,000 units The company used 33,300 liters of direct material to produce this output The company purchased 20,200 liters of the direct material at $270 per liter. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for April is: Multiple Choice $2430 U $2.340 U $2.430 F

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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