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Manal Elkhoshkhany
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Calculate the 1) raw materials purchase price variance and

Resolved Question:

Calculate the 1) raw materials purchase price variance and 2) the raw materials usage variance. state if it is favorable or unfavorable.

Standard price............. ...$20.00

Actual price.......................$23.00

Standard quantity used .....400 feet

Actual quantity. used.......380 feet
Submitted: 6 years ago.
Category: Finance
Expert:  Manal Elkhoshkhany replied 6 years ago.

Hello

 

Please post the full question as it appears in your book or sheet. Which textbook are you using: Title, author's name and edition?

 

Also, please advise if you know that you need to click the green accept button for experts to get paid for their work

 

Thank you

Customer: replied 6 years ago.
Calculate the 1) raw materials purchase price variance and 2) the raw materials usage variance. state if it is favorable or unfavorable.

 

Standard price............. ...$20.00

Actual price.......................$23.00

Standard quantity used .....400 feet

Actual quantity. used.......380 feet

 

I have to show all work.

Customer: replied 6 years ago.
Where do I find the green accept button?
Expert:  Manal Elkhoshkhany replied 6 years ago.

When I post the solution you will see it. I am asking you if you know that because I see that you have received solutions for your previous posts but you have not accepted them

 

Regards,

Customer: replied 6 years ago.

I do apologize, but I have not recieved any alerts on answered questions. Again, I do apologize. I really don't use this site and am not familiar with it.

Expert:  Manal Elkhoshkhany replied 6 years ago.

That is ok :) I thought so, I thought you were not aware of that which is why I thought I would check with you.

 

If possible, please advise the name of the textbook are you using: Title, author's name and edition even if the question is not from the book. It is just that I file my solutions by textbook name

 

Thank you

Customer: replied 6 years ago.
Accounting what the numbers mean, Marshall McManus Viele, 8E
Expert:  Manal Elkhoshkhany replied 6 years ago.

Thank you

 

I have a question though. What is the actual quantity purchased?

Customer: replied 6 years ago.
That is the only information provided to me.
Expert:  Manal Elkhoshkhany replied 6 years ago.

They should have provided the amount of materials purchased, but according to the data you have provided, please click here for the solution

 

Thank you

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