a. Gallon units produced: 24,000. b. Ounces of materials purchased and used: 2,880,000 ounces at $0.045. C. No beginning or ending inventories of raw materials. Required: Note: Enter favorable values as negative numbers. Enteikunfavorable values as positive numbers. 1. Compute the materials price variance. 2. Compute the materials usage variance. 3. During the second week, the materials usage variance was $4,000 unfavorable and the materials price variance was $24,000 unfavorable. purchased and used 2,105,000 ounces of material during this week. How many gallons of juice were produced? If required, round your answer value.

a. Gallon units produced: 24,000. b. Ounces of materials purchased and used: 2,880,000 ounces at $0.045. C. No beginning or ending inventories of raw materials. Required: Note: Enter favorable values as negative numbers. Enteikunfavorable values as positive numbers. 1. Compute the materials price variance. 2. Compute the materials usage variance. 3. During the second week, the materials usage variance was $4,000 unfavorable and the materials price variance was $24,000 unfavorable. purchased and used 2,105,000 ounces of material during this week. How many gallons of juice were produced? If required, round your answer value.

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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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