Business, 17.12.2019 19:31 Robyn32

Marigold company has developed the following standards for one of its products.
direct materials: 10 pounds x $12 per pound
direct labor: 4 hours x $20 per hour
variable overhead: 5 hours x $10 per hour
the following activity occurred during the month of october:
materials purchased: 10,000 pounds costing $150,000
materials used: 6,000 pounds
units produced: 500 units
direct labor: 2,300 hours at $23.60/hour
the company records materials price variances at the time of purchase. the direct materials price variance is:
a. $12,000 f.
b. $30,000 u.
c .$41,000 f.
d. $53,000 u.

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Marigold company has developed the following standards for one of its products.
direct materi...

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