23. Geemarie Inc. manufactures desks with vinyl tops. The standard material cost for the vinyl used per Model S desk is P27.00, based on 12 square feet of vinyl at a cost of P2.25 per square foot. A production nun of 1,000 desks in March resulted in usage of 12,600 square feet of vinyl at a cost of P2.00 per square foot, a total cost of P25,200. The usage variance resulting from the above production run was a. P1,200 unfavorable b. P1,350 unfavorable c. P1,800 favorable d. P3,150 favorable
23. Geemarie Inc. manufactures desks with vinyl tops. The standard material cost for the vinyl used per Model S desk is P27.00, based on 12 square feet of vinyl at a cost of P2.25 per square foot. A production nun of 1,000 desks in March resulted in usage of 12,600 square feet of vinyl at a cost of P2.00 per square foot, a total cost of P25,200. The usage variance resulting from the above production run was a. P1,200 unfavorable b. P1,350 unfavorable c. P1,800 favorable d. P3,150 favorable
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 3CMA
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