Oxford Company has a materials standard of 2.1 pounds per unit of output. Each pound has a standard price of $12 per pound. During February, Oxford Company paid $64,220 for 4,940 pounds at $13 per pound, which were used to produce 2,500 units of product. What is the direct materials price variance? Multiple Choice O $2,600 favorable $5,040 favorable $2,500 unfavorable

Oxford Company has a materials standard of 2.1 pounds per unit of output. Each pound has a standard price of $12 per pound. During February, Oxford Company paid $64,220 for 4,940 pounds at $13 per pound, which were used to produce 2,500 units of product. What is the direct materials price variance? Multiple Choice O $2,600 favorable $5,040 favorable $2,500 unfavorable

Name: Oxford Company has a materials standard of 2.1 pounds per unit of out
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Description: Oxford Company has a materials standard of 2.1 pounds per unit of output. Each pound has a standard price of $12 per pound. DuringFebruary, Oxford Company paid $64,220 for 4,940 pounds at $13 per pound, which were used to produce 2,500 units of prod

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 1BE: Direct materials variances Bellingham Company produces a product that requires 2.5 standard pounds...

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