Madden Corporation manufactures tminus- shirts, which is its only product. The standards for tminus-shirts are as follows: Standard direct materials cost per yard $ 8 Standard direct materials quantity per tminus-shirt (yards) 1.5 During the month of May, the company produced 1,250 tminus-shirts. Related production data for the month follows: Actual yards of direct material purchased 1,400 Actual direct materials total cost $ 15,500 What is the direct materials price variance for the month? A. $4,300 unfavorable B. $3,800 favorable C. $4,300 favorable D. $3,800 unfavorable
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Madden Corporation manufactures tminus- shirts, which is its only product. The standards for tminus-shirts are as follows: Standard direct ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The O'Hara Group is owed $1,000,000 by Hilton Enterprises under an 8% note with three years remaining to maturity. The prior year of interest was unpaid. O'Hara agrees to restructure the note under terms that yield a present value of $880,000.
Answers (1)
A closed economy a. does not engage in international borrowing or lending. b. does not engage in international trade of goods and services. c. both a and b d. engages in international borrowing and lending.
Answers (1)
Organizational obligations are the same as personal ethical obligations. a. Trueb. False
Answers (1)
If there were 60,000 pounds of raw materials on hand on January 1, 120,000 pounds are desired for inventory at January 31, and 410,000 pounds are required for January production, how many pounds of raw materials should be purchased in January?
Answers (1)
ABC began a defined benefit pension plan for its employees on Jan 1, 2018. The following data are provided for 2018 as of Dec 31, 2018: Projected benefit obligation is $634 Accumulated benefit obligation is $418.
Answers (1)
New Questions in Business
What will you call an employee who prioritize her goals rather than the team goal?
Answers (1)
Vertical integration allows the firm to gain market power as the firm develops the ability to save on its operations, avoid market costs, improve product quality, and possibly protect its technology from its rivals. A. True B. False
Answers (1)
Do you like School? Yes or No
Answers (1)
Assume that an MNC purchases a foreign building, and then leases the building to another party and allows that party to operate the business in the building for 30 years if the party follows standards set by the MNC.
Answers (1)
Sally Smith incurred expenses of $800 in June which she paid in July. She declared these expenses on her June income statement. By doing this she is following the accounting principle of:
Answers (1)