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Novay_Z [31]
3 years ago
8

The actual cost of direct materials is $ 12.50 per pound. The standard cost per pound is $ 9.00. During the current​ period, 9 c

omma 800 pounds of direct materials were used in production and 18 comma 500 pounds were purchased. The standard quantity of direct materials for actual units produced is 16 comma 400 pounds. How much is the direct materials quantity​ variance?
Business
1 answer:
MArishka [77]3 years ago
6 0

Answer:

$59,400 favorable

Explanation:

The computation of the direct material quantity variance is shown below;

As we know that

Direct material quantity variance is

= Standard Price × (Standard Quantity - Actual Quantity)

= $9 × (16,400 pounds - 9,800 pounds)

= $9 × 6,600 pounds

= $59,400 favorable

The favorable variance indicates that the standard quantity is more than the actual quantity and the same is to be considered

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Elden [556K]

Answer:a debit to Cost of Goods Sold and a credit to Merchandise Inventory for​ $217

( The answer Is not in the options given)

Explanation:

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In that regard , the entry to record  cost of merchandise sold

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Cost of goods (Merchandise sold)             $217

Merchandise Inventory                                                    $217

7 0
2 years ago
An event that must occur in order for a party's duty to arise is called a(n) ________________.
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3 years ago
in 2022, denise has two children who are qualifying persons for the child and dependent care credit, ethan and jeffrey. ethan ha
ss7ja [257]

In 2022, Denise has two children who are qualifying persons for the child and dependent care credit, Ethan and Jeffrey. Ethan has $9,000 in dependent care expenses, and Jeffrey has none. assuming all other tests are met, up to $8,000 of expenses is credited based on.

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The child and dependent care credit aid you in paying for the upkeep of any dependents that qualify (aka "qualifying persons").

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Learn more about care credit here:

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6 0
2 years ago
If a new firm was launched to help businesses comply with the affordable care act, that opportunity was created by ________.
vekshin1
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3 years ago
The equality-efficiency trade-off suggests that a. welfare programs stimulate incentives to work. b. inefficiencies result when
soldi70 [24.7K]

Answer:

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