The standard costs and actual costs for direct materials for the manufacture of 2,300 actual units of product are as follows:**Standard Costs** - Direct materials: 1,040 kilograms at $8.51**Actual Costs** - Direct materials: 2,300 kilograms at $8.35The direct materials price variance is:- a. $166 unfavorable- b. $368 favorable- c. $166 favorable- d. $368 unfavorable

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Description: The standard costs and actual costs for direct materials for the manufacture of 2,300 actual units of product are as follows:**Standard Costs** - Direct materials: 1,040 kilograms at $8.51**Actual Costs** - Direct materials: 2,300 kilograms at $8.

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The standard costs and actual costs for direct materials for the manufacture of 2,300 actual units of product are as follows: Standard Costs Direct materials Direct materials Actual Costs The direct materials price variance is Oa. $166 unfavorable Ob. $368 favorable Oc. $166 favorable Od. $368 unfavorable 1,040 kilograms at $8.51 2,300 kilograms at $8.35

The standard costs and actual costs for direct materials for the manufacture of 2,300 actual units of product are as follows: Standard Costs Direct materials Direct materials Actual Costs The direct materials price variance is Oa. $166 unfavorable Ob. $368 favorable Oc. $166 favorable Od. $368 unfavorable 1,040 kilograms at $8.51 2,300 kilograms at $8.35

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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