9 TB MC Qu. 10-60 Gipple Corporation makes a produet that uses.. Gipple Corporat

Question

9 TB MC Qu. 10-60 Gipple Corporation makes a produet that uses.. Gipple Corporation makes a product that uses a material with the quantity standard of 8.8 grams per unit of output and the price standard of $7.50 per gram. In January the company produced 4,900 units using 26,370 grams of the direct material. During the month the company purchased 28,900 grams of the direct material at $770 per gram. The direct materials purchases variance is computed when the materials are purchased. 10 points The materials price variance for January is: References Multiple Choice $5,780 U $5,780 F $8,624 F $8,624 U

Explanation / Answer

9) Materials price variance (actual price- standard price)*AQ purchased (7.70 - 7.50)*28,900 5780 U Answer 10) Materials price variance (actual price- standard price)*AQ purchased (76,780    - 10900*7) 480 U answer

Related Questions

Navigate

• Browse (All)
• Browse 9
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.