Determine the direct materials quantity variance, Accounting Basics

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Determine the direct materials quantity variance

Kermit Enterprises has collected the following data on one of its products: Direct materials standard (4 lbs.@ $1.00/b.) $4per finished unit Total direct materials cost variance favorable $9,300 Actual direct materials used 223,200 lbs Actual finished units produced 36,000 units. Calculate the direct materials quantity variance.

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Accounting Basics: Determine the direct materials quantity variance

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Accounting Basics: Determine the direct materials quantity variance

Reference No:- TGS0684500

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Calculate the variable costs per unit

Q : What is the company''s plantwide overhead rate

Q : Find probability that data point is greater than twenty one

Q : Determine the costs of its three products

Q : Determine the direct materials quantity variance

Q : Relationship between the total number of hours of training

Q : Will kaplan purchase the jet under these circumstances

Q : What is the direct materials price variance

Q : The variable costs per unit

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Determine the direct materials quantity variance

Reference No:- TGS0684500

Recent Questions Asked Accounting Basics

Q : Calculate the variable costs per unit

Q : What is the company''s plantwide overhead rate

Q : Find probability that data point is greater than twenty one

Q : Determine the costs of its three products

Q : Determine the direct materials quantity variance

Q : Relationship between the total number of hours of training

Q : Will kaplan purchase the jet under these circumstances

Q : What is the direct materials price variance

Q : The variable costs per unit

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