Standard quantity standard price, Accounting Basics

Standard quantity standard price

The company purchased 4,000 yards of material in March for $40,000. The company used 3,800 yards in March in order to make 900 suits. The direct materials price variance is:

A suit company has the following standards to make one suit:
Standard Quantity Standard Price
Direct materials 4 yards per unit $9.50 per yard
Direct labor 2 hours per unit $12.00 per hour

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Accounting Basics: Standard quantity standard price

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Accounting Basics: Standard quantity standard price

Reference No:- TGS0709858

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Recent Questions Asked Accounting Basics

Q : Related to the computer equipment

Q : What was the net loss or net income

Q : The manufacturing overhead was what

Q : When should alpine west recognize revenue from the sale

Q : Standard quantity standard price

Q : What would be the total production engineering

Q : Explain the business incur a net income

Q : Explain the production budget calls for producing

Q : Suggest an internal control for each risk

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Standard quantity standard price

Reference No:- TGS0709858

Recent Questions Asked Accounting Basics

Q : Related to the computer equipment

Q : What was the net loss or net income

Q : The manufacturing overhead was what

Q : When should alpine west recognize revenue from the sale

Q : Standard quantity standard price

Q : What would be the total production engineering

Q : Explain the business incur a net income

Q : Explain the production budget calls for producing

Q : Suggest an internal control for each risk

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