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Author Question: Grayson Industries has collected the following data for one of its products:Direct materials ... (Read 70 times)

stevenposner

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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


How much is the direct materials price variance at Grayson Industries?
◦ $4,000 favourable
◦ $38,000 unfavourable
◦ $4,000 unfavourable
◦ $38,000 favourable


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Marked as best answer by stevenposner on Jan 5, 2020

mmpiza

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stevenposner

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Reply 2 on: Jan 5, 2020
YES! Correct, THANKS for helping me on my review


nanny

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Reply 3 on: Yesterday
Excellent

 

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