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Use the information provided to answer the questions. Actual price paid per pound of material Total standard pounds for units produced this period Pounds of material used Direct materials price variance favorable All material purchased was used in production. Enter all amounts as positive numbers. A. What is the standard price for materials? Standard price paid $ B. What is the direct materials quantity variance? Direct materials quantity variance $ C. What is the total direct materials cost variance? Total direct materials cost variance $ $14.50 12,400 13,150 $3,287.50 Unfavorable Unfavorable D. If the direct materials price variance was unfavorable, what would be the standard price? Standard price $

Use the information provided to answer the questions. Actual price paid per pound of material Total standard pounds for units produced this period Pounds of material used Direct materials price variance favorable All material purchased was used in production. Enter all amounts as positive numbers. A. What is the standard price for materials? Standard price paid $ B. What is the direct materials quantity variance? Direct materials quantity variance $ C. What is the total direct materials cost variance? Total direct materials cost variance $ $14.50 12,400 13,150 $3,287.50 Unfavorable Unfavorable D. If the direct materials price variance was unfavorable, what would be the standard price? Standard price $

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 6EA: Use the information provided to answer the questions. All material purchased was used in production....
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Please answer all parts i cant post last subpart separately because it is interlinked  u are great please answer all thanx in advance

Use the information provided to answer the questions. Actual price paid per pound of material Total standard pounds for units produced this period Pounds of material used Direct materials price variance favorable All material purchased was used in production. Enter all amounts as positive numbers. A. What is the standard price for materials? Standard price paid $ B. What is the direct materials quantity variance? Direct materials quantity variance $ C. What is the total direct materials cost variance? Total direct materials cost variance $ $14.50 12,400 13,150 $3,287.50 Unfavorable Unfavorable D. If the direct materials price variance was unfavorable, what would be the standard. price? Standard price $
Transcribed Image Text:Use the information provided to answer the questions. Actual price paid per pound of material Total standard pounds for units produced this period Pounds of material used Direct materials price variance favorable All material purchased was used in production. Enter all amounts as positive numbers. A. What is the standard price for materials? Standard price paid $ B. What is the direct materials quantity variance? Direct materials quantity variance $ C. What is the total direct materials cost variance? Total direct materials cost variance $ $14.50 12,400 13,150 $3,287.50 Unfavorable Unfavorable D. If the direct materials price variance was unfavorable, what would be the standard. price? Standard price $
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