This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In ... (Read 104 times)

abc

  • Hero Member
  • *****
  • Posts: 543
on: Mar 6, 2021
Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2017, MCP estimated the following standard costs for one of their most popular products.

Budgeted quantityBudgeted price
Direct materials1 pounds$8.60 per pound
Direct labor0.20 hours$13.00 per hour
During September, MCP produced and sold 1,000 units using 1,400 pounds of direct materials at an average cost per pound of $8.00 and 160 direct labor hours at an average wage of $13.50 per hour.

The direct material price variance during September is ________.
◦ $840 favorable
◦ $840 unfavorable
◦ $2,600 unfavorable
◦ $2,600 favorable
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by abc on Mar 6, 2021

zenzy

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


abc

  • Member
  • Posts: 543
Reply 2 on: Mar 6, 2021
Excellent

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Wolf Spider in Maricopa City, Arizona, roughly 25mm (1 inch) while legs were retracted Wolf Spider in Maricopa City, Arizona, roughly 25mm (1 inch) while legs were retracted
Liquid Formulations of Herbal Products Liquid Formulations of Herbal Products
Standardization of Selected Herbal Products Standardization of Selected Herbal Products
Sheets are the most commonly used draping material. Sheets are the most commonly used draping material.
The material safety data sheet (MSDS) for sulfuric acid showing the detailed technical information ... The material safety data sheet (MSDS) for sulfuric acid showing the detailed technical information ...
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Video: Renal Failure

For a complete list of videos, visit our video library