A company has established 6 pounds of Material J at $3 per pound as the standard for the material in its Product Z The company has just produced 12007,400 pounds of MaterialI J that cost $21,08O.The direct materlals price varlance is:Multiple Cholce$1,120 unfavorable.$600 unfavorable.$1,120 favorable.$600 favorable.$520 favorable. aterlal J at $3 per pound as the standard for the materlal In its Product Z. The company has just produced 1,200 unlts of this product, uusingD.The direct materlals price variance Is:

Solution: Direct materials price variance is the variance in standard cost of materials and actual…

A company has established 6 pounds of Materlal J at $3 per pound as the standard for the material in Its Product Z The company has just produ 7.400 pounds of Materlal J that cost $21,080.The direct materlals price varlance is: Multiple Cholce

A company has established 6 pounds of Materlal J at $3 per pound as the standard for the material in Its Product Z The company has just produ 7.400 pounds of Materlal J that cost $21,080.The direct materlals price varlance is: Multiple Cholce

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A company has established 6 pounds of Material J at $3 per pound as the standard for the material in its Product Z The company has just produced 1200
7,400 pounds of MaterialI J that cost $21,08O.The direct materlals price varlance is:
Multiple Cholce
$1,120 unfavorable.
$600 unfavorable.
$1,120 favorable.
$600 favorable.
$520 favorable.

aterlal J at $3 per pound as the standard for the materlal In its Product Z. The company has just produced 1,200 unlts of this product, uusing
D.The direct materlals price variance Is:

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