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 artificial pine boughs for August?
A) $200 favorable
B) $200 unfavorable
C) $325 favorable
D) $325 unfavorable
Correct Answer:
Verified
Q76: Backyard Creations purchased 7,000 feet of copper
Q77: Which of the following employees is typically
Q78: Johnston Manufacturing Company purchased 14,000 switches to
Q79: Backyard Creations purchased 7,200 feet of copper
Q80: If the actual price of direct materials
Q82: The two components of the direct labor
Q83: The direct labor rate variance arises when
A)actual
Q84: Which of the following is a feasible
Q85: Actual direct labor costs may differ from
Q86: Which of the following is not used
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