Windy City manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $2 per pound for each completed vane. During September 500 pounds of raw materials costing $4 per pound were used in making 450 weather vanes. The materials price and quantity variance are: OA Material Price Variance 500 U Material Quantity veriance 400 F OB. Material Price Varance 1.000 F, Materia Quantity varance B00 F Oc Mararia Price varlanca 1,000 U Mazarial Quancity varianca 00 F O4 Material Price Vaiance S00 F. Material Quantity variance 400 U

Windy City manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $2 per pound for each completed vane. During September 500 pounds of raw materials costing $4 per pound were used in making 450 weather vanes. The materials price and quantity variance are: OA Material Price Variance 500 U Material Quantity veriance 400 F OB. Material Price Varance 1.000 F, Materia Quantity varance B00 F Oc Mararia Price varlanca 1,000 U Mazarial Quancity varianca 00 F O4 Material Price Vaiance S00 F. Material Quantity variance 400 U

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Description: Give me answer within 30 min I will give you up vote .....it's very urgent Windy City manufactures decorative weather vanes that have a standard materials cost of two pounds of rawmaterials at $2 per pound for each completed vane. During September 50

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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Concept explainers

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.

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Give me answer within 30 min I will give you up vote .....it's very urgent

Windy City manufactures decorative weather vanes that have a standard materials cost of two pounds of raw
materials at $2 per pound for each completed vane. During September 500 pounds of raw materials costing $4 per
pound were used in making 450 weather vanes. The materials price and quantity variance are:
O A Material Price Variance 500 U. Material Quantity variance 400 F
O b. Material Price Variance 1,000 F, Material Quantity variance 80O F
O. Material Price Variance 1,000 U. Material Quantity variance 800 F
O d. Material Price Variance 500 F. Material Quantity variance 400 U

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