Intermediate Accounting (2nd Edition)
Intermediate Accounting (2nd Edition)
2nd Edition
ISBN: 9780134730370
Author: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Publisher: PEARSON
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Chapter 19, Problem 19.8MC
To determine

To identify: The correct option.

Given information:

Projected benefit obligation as on December 31, Year 7 is $2,000,000.

Fair value of Plan Assets as on December 31, Year 7 is $1,750,000.

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The actual cost of direct materials is $55.75 per pound. The standard cost per pound is $60.50. During the current period, 6,100 pounds were used in production. The standard quantity for actual units produced is 5,700 pounds. How much is the direct materials price variance? A. $27,075 unfavorable B. $28,975 unfavorable C. $28,975 favorable D. $27,075 favorable
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Chapter 19 Solutions

Intermediate Accounting (2nd Edition)

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