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Author Question: Grayson Industries has collected the following data for one of its products:Direct materials ... (Read 34 times)

P68T

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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 used40,000 kilograms
Actual finished goods produced24,000 units


What is the actual cost of the direct materials used per kilogram at Grayson Industries?
◦ $1.45
◦ $1.20
◦ $2.00
◦ $.95


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Marked as best answer by P68T on Jan 5, 2020

scikid

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P68T

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Reply 2 on: Jan 5, 2020
Excellent


amit

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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