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The direct materials price variance is: $21,450 unfavorable. $52,800 unfavorable. $22,890 favorable. $22,890 unfavorable. $21,450 favorable. A) B) 20) The Fins Company produces animated sharks and has collected the following data on one of its products - the Great White Shark. During the period the company produced 25,000 Great White Sharks. The following table shows information about the direct materials needed to produce the Great White Sharks: C) D) E) Direct materials standard (7 pounds @ $1.65/pound) Actual price of materials purchased Actual direct materials purchased and used $11.55 per finished unit $ 1.80 143,000 pounds B) 20) The Fins Company produces animated sharks and has collected the following data on one of its products-the Great White Shark. During the period the company produced 25,000 Great White Sharks. The following table shows information about the direct materials needed to produce the Great White Sharks: The direct materials price variance is: A) $21,450 unfavorable. $52,800 unfavorable. $22,890 favorable. $22,890 unfavorable. $21,450 favorable. C) D) E) Direct materials standard (7 pounds @ $1.65/pound) Actual price of materials purchased Actual direct materials purchased and used $11.55 per finished unit $ 1.80 143,000 pounds

The direct materials price variance is: $21,450 unfavorable. $52,800 unfavorable. $22,890 favorable. $22,890 unfavorable. $21,450 favorable. A) B) 20) The Fins Company produces animated sharks and has collected the following data on one of its products - the Great White Shark. During the period the company produced 25,000 Great White Sharks. The following table shows information about the direct materials needed to produce the Great White Sharks: C) D) E) Direct materials standard (7 pounds @ $1.65/pound) Actual price of materials purchased Actual direct materials purchased and used $11.55 per finished unit $ 1.80 143,000 pounds B) 20) The Fins Company produces animated sharks and has collected the following data on one of its products-the Great White Shark. During the period the company produced 25,000 Great White Sharks. The following table shows information about the direct materials needed to produce the Great White Sharks: The direct materials price variance is: A) $21,450 unfavorable. $52,800 unfavorable. $22,890 favorable. $22,890 unfavorable. $21,450 favorable. C) D) E) Direct materials standard (7 pounds @ $1.65/pound) Actual price of materials purchased Actual direct materials purchased and used $11.55 per finished unit $ 1.80 143,000 pounds

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 5PA: Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but...
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The direct materials price variance is: $21,450 unfavorable. $52,800 unfavorable. $22,890 favorable. $22,890 unfavorable. $21,450 favorable. A) B) 20) The Fins Company produces animated sharks and has collected the following data on one of its products - the Great White Shark. During the period the company produced 25,000 Great White Sharks. The following table shows information about the direct materials needed to produce the Great White Sharks: C) D) E) Direct materials standard (7 pounds @ $1.65/pound) Actual price of materials purchased Actual direct materials purchased and used $11.55 per finished unit $ 1.80 143,000 pounds B) The direct materials price variance is: A) $21,450 unfavorable. $52,800 unfavorable. $22,890 favorable. $22,890 unfavorable. $21,450 favorable. C) D) E) 3 20) The Fins Company produces animated sharks and has collected the following data on one of its products-the Great White Shark. During the period the company produced 25,000 Great White Sharks. The following table shows information about the direct materials needed to produce the Great White Sharks: Direct materials standard (7 pounds @ $1.65/pound) Actual price of materials purchased Actual direct materials purchased and used $11.55 per finished unit $ 1.80 143,000 pounds
Transcribed Image Text:The direct materials price variance is: $21,450 unfavorable. $52,800 unfavorable. $22,890 favorable. $22,890 unfavorable. $21,450 favorable. A) B) 20) The Fins Company produces animated sharks and has collected the following data on one of its products - the Great White Shark. During the period the company produced 25,000 Great White Sharks. The following table shows information about the direct materials needed to produce the Great White Sharks: C) D) E) Direct materials standard (7 pounds @ $1.65/pound) Actual price of materials purchased Actual direct materials purchased and used $11.55 per finished unit $ 1.80 143,000 pounds B) The direct materials price variance is: A) $21,450 unfavorable. $52,800 unfavorable. $22,890 favorable. $22,890 unfavorable. $21,450 favorable. C) D) E) 3 20) The Fins Company produces animated sharks and has collected the following data on one of its products-the Great White Shark. During the period the company produced 25,000 Great White Sharks. The following table shows information about the direct materials needed to produce the Great White Sharks: Direct materials standard (7 pounds @ $1.65/pound) Actual price of materials purchased Actual direct materials purchased and used $11.55 per finished unit $ 1.80 143,000 pounds
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