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13 January, 23:28

For the current period, Kayenta Company's manufacturing operations yield a $3,500 unfavorable price variance on its direct materials usage. The actual price per pound of material is $80; the standard price is $79.50 per pound. How many pounds of material were used in the current period?

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  1. 14 January, 01:46
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    7,000 Pound s

    Explanation:

    Material Price Variance = $3,500 Unfavorable

    Actual price per pound of material = $80

    standard price = $79.50 per pound

    Materials price variance = (Actual price - Standard Price) * Actual Quantity

    $3,500 = ($80 - $79.50) * Actual pounds

    Actual pounds = $3,500 : 0.50

    Actual pounds = 7,000 Pound

    Therefore, 7,000 Pound s of material were used in the current period.
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