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MU Acct 2037 Ch 17 - HW Solution

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

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17-28 (1) (a) DIRECT MATERIAL PIER : Direct Materials Price Variance : Actual direct Standard price Actual price Direct materials = materials units x per unit of per unit of price variance purchased direct materials direct materials = 126,000 x [4.00 –  3.80] = 25,200 favorable Direct Materials Quantity Variance : Standard direct Actual direct Direct materials Direct materials = materials quantity Materials used x Price standard quantity variance budgeted =  169,600 gallons a  – 176,000 gallons b  x \$4.00   =  \$(25,600 ) unfavorable a Standard quantity budgeted of pier = 212,000 gallons of paint x 0.8 = 169,600  gallons b Actual usage of pier = 80,000 + 126,000 - 30,000 = 176,000 gallons 17-1

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(b) DIRECT MATERIAL PONT : Direct Materials Price Variance :                   Actual direct Standard price Actual price Direct materials = materials units x per unit of per unit of price variance purchased direct materials direct materials =  135,000  pounds x (\$0.60 - \$0.62) =  \$(2,700 ) unfavorable                                                         Direct Materials Quantity Variance
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MU Acct 2037 Ch 17 - HW Solution - 17-28(1(a DIRECT...

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