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Iteru [2.4K]
3 years ago
10

The Armstrong Corporation developed a flexible budget for its production process. Armstrong budgeted to use 10 comma 000 pounds

of direct material with a standard cost of $ 15.00 per pound to produce 12 comma 000 units of finished product. Armstrong actually purchased 24 comma 000 pounds and used 13 comma 000 pounds of direct material with a cost of $ 23.00 per pound to produce 12 comma 000 units of finished product. Given these​ results, what is​ Armstrong's direct material price​variance?
Business
1 answer:
KIM [24]3 years ago
4 0

Answer:

$192,000 unfavorable

Explanation:

The computation of the material price variance is shown below:

= Actual Quantity × (Standard Price - Actual Price)

= 24,000 pounds × ($15 per pound - $23 per pound)

= 24,000 pounds × $8 per pound

= $192,000 unfavorable

Simply we take the difference between the standard price and the actual price and then multiplied it by the actual quantity so that the accurate price variance could come

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(E) that prices of gasoline and heating oil will stay higher than usual through

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3 years ago
Devin Company has the following data for their budget and actual performance. Actual Master budget Master Budget Variance Sales
snow_tiger [21]

Answer:

The operating income master budget variance 6687      Unfav

Explanation:

Devin Company

Actual Vs. Budget Performance Report

For the year

                              Actual          Master       Master Budget  

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When the actual sales revenue is less than the budgeted revenues the variance is unfavorable.

When the actual costs are more than the budgeted costs the variance is unfavorable, and favorable when the actual costs are less than the budgeted costs.

6 0
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OlgaM077 [116]

Answer:

These statements are true:

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Answer: Please refer to Explanation

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