The following data relate to product no. 89 of Des Moines Corporation: Direct material standard: 3 square feet at $250 per square foot Direct material purchased: 30,000 square feet at $260 per square foot Direct material consumed: 29,200 square feet Manufacturing activity: 9,600 units completed Assume that the company computes variances at the earliest point in time. The direct-material purchase price variance is: rev: 11_12_2015_OC_cs-33148 $2.880U. $2.920F. $2,920U. S3,000F. $3,000U.

The following data relate to product no. 89 of Des Moines Corporation: Direct material standard: 3 square feet at $250 per square foot Direct material purchased: 30,000 square feet at $260 per square foot Direct material consumed: 29,200 square feet Manufacturing activity: 9,600 units completed Assume that the company computes variances at the earliest point in time. The direct-material purchase price variance is: rev: 11_12_2015_OC_cs-33148 $2.880U. $2.920F. $2,920U. S3,000F. $3,000U.

Name: The following data relate to product no. 89 of Des Moines Corporation
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Description: The following data relate to product no. 89 of Des Moines Corporation:Direct material standard: 3 square feet at $2.50 per square footDirect material purchased: 30,000 square feet at $2.60 per square footDirect material consumed: 29,200 square feetM

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead

Section: Chapter Questions

Problem 13E: Using variance analysis and interpretation Last year, Wrigley Corp. adopted a standard cost system....

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