MU Acct 2037 Ch 17 - HW Solution

MU Acct 2037 Ch 17 - HW Solution - 17-28(1)(a)DIRECT...

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Unformatted text preview: 17-28(1)(a)DIRECT MATERIAL PIER:Direct Materials Price Variance:Actual directStandard priceActual priceDirect materials=materials unitsxper unit ofper unit ofprice variancepurchaseddirect materialsdirect materials=126,000 x [4.00 3.80]=25,200 favorableDirect Materials Quantity Variance:Standard directActual directDirect materialsDirect materials=materials quantityMaterials usedxPrice standardquantity variancebudgeted= 169,600 gallonsa 176,000 gallonsb x $4.00 = $(25,600) unfavorableaStandard quantity budgeted of pier = 212,000 gallons of paint x 0.8 = 169,600 gallonsbActual usage of pier = 80,000 + 126,000 - 30,000 = 176,000 gallons17-1(b)DIRECT MATERIAL PONT:Direct Materials Price Variance: Actual directStandard priceActual priceDirect materials=materials unitsxper unit ofper unit ofprice variancepurchaseddirect materialsdirect materials= 135,000 pounds x ($0.60 - $0.62)= $(2,700) unfavorable Direct Materials Quantity Variance: Standard directDirect materials=materials quantity...
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This note was uploaded on 04/20/2008 for the course ACCT 2037 taught by Professor Pres during the Spring '08 term at Missouri (Mizzou).

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MU Acct 2037 Ch 17 - HW Solution - 17-28(1)(a)DIRECT...

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