Question 50). The Bowden Corporation makes a single product. Only one kind of di

Q: Question 50). The Bowden Corporation makes a single product. Only one kind of di

B. $16 per unit Materials quantity variance = Standard price × [Actual quantity ? (Standard quantity per unit × Actual output)] $8,000 = $8 × [21,000 ? (Standard quantity per unit × 10,000)] Standard quantity per unit = 2 Standard cost per unit = Standard price per pound × Standard quantity per unit = $8 × 2 = $16

ID: 2533826 • Letter: Q

Question

Question 50).

The Bowden Corporation makes a single product. Only one kind of direct material is used to make this product. The company uses a standard cost system. The company's cost records for June show the following data:

There were no beginning inventories of direct materials.

The standard cost of direct material for one unit of output is:

$2 per unit

$16 per unit

$8 per unit

$10 per unit

Number of units produced 10,000 Material price variance $ 8,400 (Favorable) Material quantity variance $ 8,000 (Unfavorable) Actual direct material purchased and used 21,000 pounds Direct materials standard price $ 8 per pound

Explanation / Answer

B. $16 per unit

Materials quantity variance = Standard price × [Actual quantity ? (Standard quantity per unit × Actual output)]

$8,000 = $8 × [21,000 ? (Standard quantity per unit × 10,000)]

Standard quantity per unit = 2

Standard cost per unit = Standard price per pound × Standard quantity per unit = $8 × 2 = $16

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Question 50). The Bowden Corporation makes a single product. Only one kind of di

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