Gipple Corporation makes a product that uses a material with the quantity standard of 7.8 grams per unit of output and the price standard of $6.50 per gram. In January the company produced 3,900 units using 25,370 grams of the direct material. During the month the company purchased 27,900 grams of the direct material at $6.70 per gram. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is: Multiple Choice a. $6,084 F b. $5,580 U c. $6,084 U d. $5,580 F
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Gipple Corporation makes a product that uses a material with the quantity standard of 7.8 grams per unit of output and the price standard ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
When there are advances in technology, such as the personal computer, how might business productivity change? a. productivity is separate from technological advances so there is no impact. b.
Answers (2)
Jand, Inc., currently pays a dividend of $1.32, which is expected to grow indefinitely at 4%. If the current value of Jand's shares based on the constant-growth dividend discount model is $33.16, what is the required rate of return?
Answers (1)
Which of the following is an example of a fiscal policy
Answers (2)
Ari's Cafe began operations on March 1, 2015. The corporate charter authorized the issuance of 3,000 shares of $2 par value common stock and 1,000 shares of $3 par value, 8% cumulative preferred stock. The company's fiscal year ends on February 28.
Answers (1)
Gilbert Company leased office space for a noncancelable term of five years with a five-year renewal option.
Answers (1)
New Questions in Business
Determine the cost of the land, based on the following data. Land purchase price $90,000 Broker's commission 7,500 Payment for the demolition and removal of existing building 2,500 Cash received from the sale of materials salvaged from the
Answers (1)
A truck costing $12,100, which has Accumulated Depreciation of $9,010, was sold for $2,010 cash. The entry to record this event would include a: -loss of $1,080. -gain of $1,080. -credit to the Vehicles account for $3,090.
Answers (1)
Yolanda buys a house in the mountains for $450,000 which she uses as her personal vacation home. she builds an additional room on the house for $40,000.
Answers (1)
Fleet Foot Shoes has been successful at differentiating itself from competitors by claiming a premium price for its athletic footwear based on superior design and high-quality materials.
Answers (1)
Which of the following statements is most likely true of market follower strategies? market followers have the resources to expand the market by developing new users, new uses, and more usage of its products.
Answers (1)