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TEA [102]
3 years ago
11

The direct materials price variance is calculated asA) the difference in Actual Quantities (AQ) multiplied by the Actual Price (

AP) of the input.B) the Actual Quantity (AQP) of direct materials divided by the Actual Quantity (AQ).C) the difference in prices of the Actual Quantity Purchased (AQP) and the Actual Price (AP) multiplied by the Actual Quantity Purchased (AQP) and the Standard Price (SP) of the input purchased.D) the direct materials Actual Quantity Purchased (AQ) divided by the per unit price.
Business
1 answer:
Pachacha [2.7K]3 years ago
4 0

Answer:

C) the difference in prices of the Actual Quantity Purchased (AQP) and the Actual Price (AP) multiplied by the Actual Quantity Purchased (AQP) and the Standard Price (SP) of the input purchased.

Explanation:

Direct Material Price Variance = (Actual Price - Standard Price) \times Actual Quantity

Opening the brackets we have

Actual Price \times Actual Quantity - Standard Price \times Actual Quantity

therefore, from the options provided option C) is correct as Direct Material Price Variance is difference in Actual Cost and Standard Cost of Actual Units

Final Answer

C) the difference in prices of the Actual Quantity Purchased (AQP) and the Actual Price (AP) multiplied by the Actual Quantity Purchased (AQP) and the Standard Price (SP) of the input purchased.

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Employees may still receive a pay slip detailing the final payment amount calculations. A salary statement, also known as a payslip, pay stub, paystub, pay advice, or sometimes paycheck stub or wage slip, is a document received by an employee that either includes or is attached to the paycheck.

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2 years ago
Sue, a secretary goes to the storeroom to get a box of paper for her department. This is a task she's performed without problem
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Sandra Sousa, Registered Dietician Trial Balance July 31, 2018 Balance Account Title Debit Credit Cash 33000 Accounts Receivable
kirza4 [7]

Answer:

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Sandra Sousa, Registered Dietitian

Income Statement

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Rent Expense -$1,200

Utilities Expense -$350

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Requirement 2. Prepare the statement of owners equity for the month ended July 31, 2018.

Sandra Sousa, Registered Dietitian

Statement of Owner's Equity

For the Month Ended July 31, 2018

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Investment during month                                  $0

<u>Net income                                                 $8,208</u>

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Requirement 3. Prepare the balance sheet &s of July 31, 2018.

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Balance Sheet

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