Global company makes a product that is expected to use 2.2 pounds of material per unit of product. the material has a standard cost of $2 per pound. global actually used 2.3 pounds of material per unit of product made in january. the actual cost of material was $1.95 per pound. based on this information alone, the materials variances for the january production would be: multiple choice unfavorable for price and unfavorable for usage. favorable for price and unfavorable for usage. favorable for price and favorable for usage.
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Ответ:
Favorable for price and unfavorable for usage.
Explanation:
Provided Information,
Standard Material = 2.2 pounds per unit
Standard cost = $2 per pound
Actual Quantity = 2.3 pounds per unit
Actual cost = $1.95 per pound
In Material Price variance we have = (Standard Price - Actual Price)
Actual Quantity
Since Standard Price $2 is more than actual price = $1.95 the variance is favorable.
In material quantity variance we have = (Standard Quantity - Actual Quantity)
Standard Rate
Since actual quantity used = 2.3 pounds is more than standard 2.2 pounds the variance will be unfavorable
Therefore, Price Variance = Favorable, and Quantity Variance = Unfavorable.
Ответ:
So can have those points!
Lol