Sammamish Company utilizes a standard cost system. The standard quantity for production is 10 pounds of material, and the standard price is $3 per pound. The actual quantity was 9 pounds, and the actual price was $3.20 per pound. Given this information, Sammamish would have a(n) :
A) Favorable materials price variance and a favorable materials quantity variance
B) Favorable materials price variance and an unfavorable materials quantity variance
C) Unfavorable materials price variance and a favorable materials quantity variance
D) Unfavorable materials price variance and an unfavorable materials quantity variance
Correct Answer:
Verified
Q19: How can an organization prevent decisions made
Q20: Of the following, which is probably the
Q21: All favorable labor rate variances indicate that:
A)
Q22: The labor efficiency variance is the difference
Q23: A materials quantity variance is unfavorable when:
A)
Q25: The difference between standard hours and actual
Q26: The variance computed by multiplying the difference
Q27: Exhibit 19-1 The following information relates to
Q28: Exhibit 19-1 The following information relates to
Q29: Which of the following is NOT an
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