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calebcoolbeans6691
01.08.2020 •
Business
The Peking Palace reported the following: Standard quantity per unit 3 lbs Standard price per pound $2.75 Actual pounds used 15,000 lbs Actual price per pound $2.90 Number of units produced 5,070 Determine the direct materials quantity variance. a.$609. 00 favorable b.$609. 00 unfavorable c.$577. 50 unfavorable d.$577. 50 favorable
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Ответ:
Explanation:
A favorable direct material price variance basically implies different than usual or standard variation in the price of raw materials and factor inputs used in the production process.From a business or economic standpoint,it indicates that the amount or quantity of materials and factor inputs employed in the production of any product or services is actually less than the standard or expected quantity or amount to be used in the production.It perhaps might also indicate an unusual or unexpected reduction in the production or manufacturing costs or expenses