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Rus_ich [418]
3 years ago
6

Hushovd Iron Works has collected the following data for its Thunderbolt line of products:Direct materials standard 10 pounds per

unit Direct materials standard cost $0.75 per pound Actual material purchased cost $0.85 per pound Actual direct materials purchased 40,000 pounds Actual quantity of direct materials used 35,000 pounds Actual finished goods produced 4,500 unitsWhat is the direct material price variance?A) $4,000 favorableB) $4,000 unfavorableC) $3,500 favorableD) $3,500 unfavorable
Business
1 answer:
Dima020 [189]3 years ago
7 0

Answer:

The correct answer is D: $3500 unfavorable

Explanation:

Giving the following information:

Standard:

Direct materials standard 10 pounds per unit

Direct materials standard cost $0.75 per pound

Actual:

Material purchased cost $0.85 per pound

Direct materials purchased 40,000 pounds

Direct materials used 35,000 pounds

Finished goods produced 4,500 units

Direct material price variance= (SP-AP)*AQ

SP= standard price

AP= actual price

AQ= standard quantity

Direct material price variance= (0.75-0.85)*35000

Direct material price variance= $3500 unfavorable

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Given that news organizations frequently call for more transparency from the government and organizations they cover, critics fi
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Revenues

Explanation:

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3 years ago
Flagstaff Company has budgeted production units of 8,000 for July and 8,200 for August. The direct materials requirement per uni
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3 years ago
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Answer:

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