a. Gallon units produced: 24,000. b. Ounces of materials purchased and used: 2,880,000 ounces at $0.045. C. No beginning or ending inventories of raw materials. Required: Note: Enter favorable values as negative numbers. Enteikunfavorable values as positive numbers. 1. Compute the materials price variance. 2. Compute the materials usage variance. 3. During the second week, the materials usage variance was $4,000 unfavorable and the materials price variance was $24,000 unfavorable. purchased and used 2,105,000 ounces of material during this week. How many gallons of juice were produced? If required, round your answer value.

a. Gallon units produced: 24,000. b. Ounces of materials purchased and used: 2,880,000 ounces at $0.045. C. No beginning or ending inventories of raw materials. Required: Note: Enter favorable values as negative numbers. Enteikunfavorable values as positive numbers. 1. Compute the materials price variance. 2. Compute the materials usage variance. 3. During the second week, the materials usage variance was $4,000 unfavorable and the materials price variance was $24,000 unfavorable. purchased and used 2,105,000 ounces of material during this week. How many gallons of juice were produced? If required, round your answer value.

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Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter4: Merchandising Company Financial Statements (fmerch)

Section: Chapter Questions

Problem 2R: The following information is for Bonnies Buds, a nursery and floral shop, for the month ended May...

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ASK MATH SOLVER FIND Principles of Accounting Volume 2 19th Edition ISBN: 9781947172609 Author: OpenStax Publisher: OpenStax College bookmark_border expand_more Chapter 5 : Process Costing expand_more Section: Chapter Questions format_list_bulleted Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct... See similar textbooks Question Transcribed Image Text:Orion Ic., is a newly organized manufacturing business that plans to manufacture and sell 30,000 units per year of a new product. The following estimates have been made of the company's costs and expenses (other than income taxes): Variable Fixed per Unit Manufacturing costs: Direct materials........... Direct labor... Manufacturing overhead...$440,000 $ 38 47 Period costs: Selling expenses.... Administrative expenses. ..... 360,000 $800,000 $100 Totals ... a. What should the…
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