Consider the following information:Direct material purchased and used, 80,000 gallonsStandard quantity of direct material allowed for May production, 76,000 gallonsActual cost of direct materials purchased and used, $176,000Unfavorable direct-material quantity variance, $9,400The direct-material price variance is:
A. $11,400F.
B. $12,000U.
C. $12,000F.
D. $11,400U.
E. None of the answers is correct.
Answer: C
You might also like to view...
Most states require SUTA payments from employees
Indicate whether the statement is true or false
Hauser Corporation holds 1,900 shares of Marlow Corporation common stock as its sole long-term investment. Hauser does not have significant influence or control over Marlow. The stock was purchased during 2009 at a price of $60 per share. On December 31, 2009, the market price of Marlow's stock was $54 per share. On December 31, 2010, the market price of Marlow's stock was $68 per share. What
should be reported as the carrying value of the investment on Hauser's December 31, 2009, and December 31, 2010, balance sheets, respectively? a. 114,000; 114,000 b. 102,600; 114,000 c. 102,600; 102,600 d. 102,600; 129,200
Record the December 31 adjusting entries for the following transactions and events in general journal form. Assume that December 31 is the end of the annual accounting period. a. The Prepaid Insurance account shows a debit balance of $2,340, representing the cost of a two-year fire insurance policy that was purchased on October 1 of the current year and has not been adjusted to-date.b. The Store Supplies account has a debit balance of $400; a year-end inventory count reveals $80 of supplies still on hand.c. On November 1 of the current year, Rent Earned was credited for $1,500. This amount represented the rent earned for a three-month period beginning November 1.d. Estimated depreciation on store equipment is $600.e. Accrued salaries amount to $1,400.
What will be an ideal response?
What are print servers?