Maurice Tutor

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About Maurice Tutor

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Expertise:
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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 1 Day Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 22 Jul 2017 My Price 7.00

Assembly of product

Standard costs versus actual costs for materials Assembly of product P13 requires one unit of component X, two units of component Y, and three units of component Z. Job J372 produced 220 units of P13. The following information pertains to material variances for this job, analyzed by component:

 

COMPONENT

 

X

Y

Z

Price variance

160 U

120 F

192 U

Quantity variance

168 U

100 U

84 F

The actual material prices were $0.30 more, $0.20 less, and $0.50 more per unit for components X, Y, and Z, respectively, than their standard material prices per unit.

Required

(a) Determine the number of materials units consumed of each type of component.

(b) Determine the standard materials price per unit of each type of component.

Answers

Maurice Tutor
(5)
Status NEW Posted 22 Jul 2017 09:07 PM My Price 7.00

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