Social Science Clinic => Accounting => Topic started by: stevenposner on Jan 5, 2020
Title: Grayson Industries has collected the following data for one of its products:Direct materials ...
Post by: stevenposner on Jan 5, 2020
Grayson Industries has collected the following data for one of its products:
Direct materials standard (4 kilograms per unit @ $0.50/kg.)
$2 per finished good
Direct materials flexible budget variance-unfavourable
$10,000
Actual direct materials purchased and used
40,000 kilograms
Actual finished goods produced
24,000 units
How much is the direct materials price variance at Grayson Industries? ◦ $4,000 favourable ◦ $38,000 unfavourable ◦ $4,000 unfavourable ◦ $38,000 favourable
Title: Grayson Industries has collected the following data for one of its products:Direct materials ...
Post by: mmpiza on Jan 5, 2020