The standard quantity allowed for the units produced was 4,500 pounds, the standard price was P2.50 per pound, and the materials quantity variance was P375 favorable. Each unit uses 1 pound of materials. How many units were actually produced? a. • 4,350 b. • 4,500 c. • 11,625 d. • 4,650

The standard quantity allowed for the units produced was 4,500 pounds, the standard price was P2.50 per pound, and the materials quantity variance was P375 favorable. Each unit uses 1 pound of materials. How many units were actually produced? a. • 4,350 b. • 4,500 c. • 11,625 d. • 4,650

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 17EA: The production cost for a waterproof phone case is $7 per unit and fixed costs are $23,000 per...

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20. The standard quantity allowed for the units produced was 4,500 pounds, the standard price was P2.50 per pound, and the materials quantity variance was P375 favorable. Each unit uses 1 pound of materials. How many units were actually produced?

a. • 4,350

b. • 4,500

c. • 11,625

d. • 4,650

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