Compute the direct materials price variance, Accounting Basics

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Compute the direct materials price variance

Cabot Company collected the following data regarding production of one of its products. Compute the direct materials price variance. Direct Materials Standard $12 finished unit; Actual direct materials used 243,00lbs; Actual finished units produced 40,000 units; Actual cost of direct materials used $483,570. The answers I have are: a. $2,430 unfavorable. b. $3,570 unfavorable. c. $2,430 favorable. d. $6,000 unfavorable. e. $3,570 favorable.

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Accounting Basics: Compute the direct materials price variance

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Accounting Basics: Compute the direct materials price variance

Reference No:- TGS0674875

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Bank service charge deposit

Q : Determine the ending cash balance

Q : How much are the approximately annual payments

Q : Compute the projected selling expense

Q : Compute the direct materials price variance

Q : Explain why the return-on-equity ratio is so much less

Q : Regular units are manufactured to meet marketing projections

Q : Annual utilities and maintenance expenses

Q : Lawrence owns a small candy store

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Compute the direct materials price variance

Reference No:- TGS0674875

Recent Questions Asked Accounting Basics

Q : Bank service charge deposit

Q : Determine the ending cash balance

Q : How much are the approximately annual payments

Q : Compute the projected selling expense

Q : Compute the direct materials price variance

Q : Explain why the return-on-equity ratio is so much less

Q : Regular units are manufactured to meet marketing projections

Q : Annual utilities and maintenance expenses

Q : Lawrence owns a small candy store

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