Holly Industries manufactures artificial holiday wreaths.Its most popular wreath requires 3 yards of artificial pine boughs and 15 sprigs of holly berries.In August,the company purchased 4,000 yards of artificial pine bough,and 20,000 sprigs of holly berries.Holly paid $2.65 per yard for the artificial pine bough,and purchased 4 boxes of 5,000 sprigs of holly berries for $7,000 per box.The standard price for artificial pine bough is $2.60 per yard,and the standard price per sprig of holly berry is $1.45.During August,Holly produced 1,250 wreaths and used 3,625 yards of artificial pine bough and 19,000 sprigs of holly berries.What is Holly's direct materials price variance for sprigs of holly berries for August?
A) $1,000 unfavorable
B) $ 1,000 favorable
C) $ 362.50 favorable
D) $ 362.50 unfavorable
Correct Answer:
Verified
Q81: Johnston Manufacturing Company purchased 14,000 switches to
Q82: When analyzing direct materials price and quantity
Q83: The direct labor flexible budget variance is
Q84: Actual direct labor costs may differ from
Q85: Johnston Manufacturing Company purchased 14,000 switches to
Q87: Holly Industries manufactures artificial holiday wreaths.Its most
Q88: Holly Industries manufactures artificial holiday wreaths.Its most
Q89: Backyard Creations purchased 7,000 feet of copper
Q90: The two components of the direct labor
Q91: Purchasing a higher quality of materials than
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents