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The following data relate to product no. 89 of Des Moines Corporation: at9 Direct material standard: 5 square feet at $3.30 per square foot Direct material purchased: 37,000 square feet at $3.60 per square foot Direct material consumed: 36,400 square feet Manufacturing activity: 7,200 units completed Assume that the company computes variances at the earliest point in time. AJThe direct-material quantity variance is: B)The direct-material price variance is:

The following data relate to product no. 89 of Des Moines Corporation: at9 Direct material standard: 5 square feet at $3.30 per square foot Direct material purchased: 37,000 square feet at $3.60 per square foot Direct material consumed: 36,400 square feet Manufacturing activity: 7,200 units completed Assume that the company computes variances at the earliest point in time. AJThe direct-material quantity variance is: B)The direct-material price variance is:

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead
Section: Chapter Questions
Problem 4P: Calculation of materials and labor variances Fritz Corp. manufactures and sells a single product....
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The following data relate to product no. 89 of Des Moines Corporation: Direct material standard: 5 square feet at $3.30 per square foot Direct material purchased: 37,000 square feet at $3.60 per square foot Direct material consumed: 36,400 square feet Manufacturing activity: 7,200 units completed Assume that the company computes variances at the earliest point in time. AJThe direct-material quantity variance is: B)The direct-material price variance is:
Transcribed Image Text:The following data relate to product no. 89 of Des Moines Corporation: Direct material standard: 5 square feet at $3.30 per square foot Direct material purchased: 37,000 square feet at $3.60 per square foot Direct material consumed: 36,400 square feet Manufacturing activity: 7,200 units completed Assume that the company computes variances at the earliest point in time. AJThe direct-material quantity variance is: B)The direct-material price variance is:
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