The raw materials price variance for the month is closest to:

A) $33,670 U
B) $29,743 F
C) $29,743 U
D) $33,670 F

Question

The raw materials price variance for the month is closest to:A) $33,670 UB) $29,743 FC) $29,743 UD) $33,670 F

Abdulaziz Khadeer · Accepted Answer

Final Answer : A, Explanation :  Materials price variance = (AQ × AP)? (AQ × SP)= AQ × (AP ? SP)= 48,100 grams × ($7.70 per gram ? $7.00 per gram)= 48,100 grams × ($0.70 per gram)= $33,670 U

The raw materials price variance for the month is closest to:

A) $33,670 U
B) $29,743 F
C) $29,743 U
D) $33,670 F

Definitions

Learning Objectives

Learning Objectives

Related questions