Seaside Company produces picture frames.During the year 190,000 picture frames were produced.Materials and labor standards for producing the picture frames are as follows:

Seaside purchased and used 400,000 pieces of wood at $2.00 each and its actual labor hours were 360,000 hours at a wage rate of $10.50.

What is the materials price variance?
A) $100,000 F
B) $112,500 U
C) $135,000 F
D) $170,000 U

Question

Seaside Company produces picture frames.During the year 190,000 picture frames were produced.Materials and labor standards for producing the picture frames are as follows: ​
​
 ​
Seaside purchased and used 400,000 pieces of wood at $2.00 each and its actual labor hours were 360,000 hours at a wage rate of $10.50.
​
What is the materials price variance?
A) $100,000 F 
B) $112,500 U 
C) $135,000 F 
D) $170,000 U

Quizplus · Accepted Answer

11ea8a4c_496f_26bf_a0e6_dbc1b798715f_TB5550_00

Seaside Company Produces Picture Frames