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inn [45]
3 years ago
15

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

purchased 20,000 pounds Standard price of direct materials $ 3.00 per pound Material price variance $ 2,000 Unfavorable Material quantity variance $ 4,000 Favorable The actual price per pound of direct materials purchased in June was:
Business
1 answer:
tatuchka [14]3 years ago
4 0

Answer: $3.10

Explanation:

The actual price per pound of direct materials purchased in June will be calculated as follows:

Let the actual price be represented by x.

Material price variance is calculated as:

= (standard price-actual price) × actual quantity

-2000 = (3 × 20000) - 20000x

-2000 = 60000 - 20000x

20000x = 60000 + 2000

20000x = 62000

x = 62000/20000

x = 3.1

Therefore, the actual price per pound of direct material bought in June is $3.10

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Answer:

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Explanation:

From the information given; we use the Excel spreadsheet to compute the  difference between this bond's YTM(Yield to maturity) and its YTC(Yield to call).

From the diagram; we will see that the

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3 years ago
Jaycee Auto Repair has the following budgeted costs for the next year: Time Charges Material Charges Shop employees’ wages and b
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Answer:

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4 0
3 years ago
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valentinak56 [21]

Answer: intensive distribution

                 

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1 year ago
Prepare the journal entries to record these transactions on blossom company's books using a periodic inventory system. (if no en
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6 0
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