Chapter 11, Problem 20P

I am trying to find the accurate solution to this general accounting problem with appropriate explanations.

I am trying to find the accurate solution to this general accounting problem with appropriate explanations.

Pinecrest Industries, Inc., has collected the following data on one of its products. The actual cost of the direct materials used is:

Solve this question and financial accounting question

Given the solution and accounting question

Data required for the fixation of selling price is provided by a. Management accounting system b. Financial counting system c. Cost accounting system d. All of these

Please provide problem with accounting question

General accounting

Pinecrest Industries, Inc., has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials standard (4 lbs. @ $3/lb) = $12 per finished unit Total direct materials cost variance (unfavorable) = $18,000 Actual direct materials used = 120,000 lbs. Actual finished units produced = 30,000 units