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aivan3 [116]
3 years ago
6

Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials

purchased 35,000 pounds Standard price of direct materials $ 8.00 per pound Material price variance $ 7,000 Unfavorable Material quantity variance $ 7,500 Favorable The actual price per pound of direct materials purchased in June was: Multiple Choice $7.76 per pound $8.00 per pound $8.20 per pound $8.24 per pound
Business
1 answer:
Amiraneli [1.4K]3 years ago
4 0

Answer:

$8.20 per pound

Explanation:

The computation of the actual price per pound is shown below:

Material price variance = (Standard price per pound - Actual price per pound) × Actual quantity purchased

-$7,000 = ($8.00 - Actual price per pound) × 35,000

$8.00 - Actual price per pound = -$7,000 ÷ 35,000

Actual price per pound = $8.20 per pound

Hence, the actual price per pound is $8.20 per pound

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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3 years ago
Why is the just war theory considered a middle path between realism and pacifism?
alexira [117]

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Explanation:

4 0
2 years ago
LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 2.7 hours of direct labor at the r
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Answer:

$ 2,829,276

Explanation:

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6 0
2 years ago
At the beginning of the year, SnapIt had $12,400 of inventory. During the year, SnapIt purchased $39,800 of merchandise and sold
AveGali [126]

The journal entry to record the inventory shrinkage is :Debit Cost of goods sold $18,600; Credit Inventory $18,600.

<h3>Inventory shrinkage</h3>

Based on the information given the appropriate  the journal entry to record the inventory shrinkage is :

Debit Cost of goods sold $18,600

Credit Inventory $18,600

($12,400+$39,800-$33,600)

(To record inventory shrinkage)

Inconclusion the journal entry to record the inventory shrinkage is :Debit Cost of goods sold $18,600; Credit Inventory $18,600

Learn more about inventory shrinkage here:brainly.com/question/6233622

4 0
2 years ago
If the price of a pencil is $1.00 and the price of a pen is $2.00, what is the relative price? If the pencil is $1.50 and the pe
Rudiy27
1) the relative price would be about $1.50 I think
2)  $2.00
3 $1.00
If these are wrong let me know please =) sorry if they are
3 0
2 years ago
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