Answer:
e. $2,950 unfavorable
Explanation:
Since the units are the same, then we will work with the costs and pounds.
Standard
4,000 pounds × $5 per pounds
(4,000 × $5) = $20,000
Actual
4,500 pounds x costs per pound $5.10
(4,500 × $5.10) = $22,950
Therefore,
Standard - Actual
$20,000 - $22,950 = $2,950
Therefore, the direct materials quantity variance is $2,950 unfavorable since actual cost of materials expended is more that the standard cost of materials.
Answer:
I will need more information
Explanation:
Answer:
d. $25,050.
Explanation:
The computation of the acquisition cost is shown below:
= Cash price of equipment + sales tax + Insurance during transit + Installation and testing
= $22,500 + $1,800 + $320 + $430
= $25,050
To find out the acquisition cost, we have to consider all that cost which is related to the purchase of equipment. Since, all the costs are related, so we have to take all costs which are mentioned in the question.
