23. Aqua Company produces aquariums. During the year 150,000 aquariums were prod

Question

23. Aqua Company produces aquariums. During the year 150,000 aquariums were produced. Materials and labor standards for producing the aquariums are as follows:

Direct Materials (2 Sheets of glass @ $2 each) $4
Direct Labor (3 hours @ $8) 24
Aqua purchased and used 310,000 sheets of glass at $1.50 each and its actual labor hours were 435,000 hours at a wage rate of $8.50.


What is the materials price variance?
a. $135,000 U
b. $170,000 U
c. $155,000 F
d. $150,000 F
23. Aqua Company produces aquariums. During the year 150,000 aquariums were produced. Materials and labor standards for producing the aquariums are as follows:

Direct Materials (2 Sheets of glass @ $2 each) $4
Direct Labor (3 hours @ $8) 24
Aqua purchased and used 310,000 sheets of glass at $1.50 each and its actual labor hours were 435,000 hours at a wage rate of $8.50.
What is the materials price variance? a. $135,000 U
b. $170,000 U
c. $155,000 F
d. $150,000 F
a. $135,000 U
b. $170,000 U
c. $155,000 F
d. $150,000 F

Explanation / Answer

c. $155,000 F

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