Home Company manufactures tables with vinyl tops. The standard material cost for the vinyl used perType-R table is P7.80 based on six square feet of vinyl at a cost of P1.30 per square foot. A productionrun of 1,000 tables in January resulted in usage of 6,400 square feet of vinyl at a cost of P1.20 persquare foot, at a total cost of P7,680.15. The usage variance resulting from the above production run wasa. P120 favorableb. P480 unfavorable c. P520 unfavorable d. P640 favorable

Name: Home Company manufactures tables with vinyl tops. The standard materi
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Description: Home Company manufactures tables with vinyl tops. The standard material cost for the vinyl used perType-R table is P7.80 based on six square feet of vinyl at a cost of P1.30 per square foot. A productionrun of 1,000 tables in January resulted in usa

Standard costing means standards are determined for material, labour and overheads and then…

Answered: 15. The usage variance resulting from…

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15. The usage variance resulting from the above production run was a. P120 favorable b. P480 unfavorable c. P520 unfavorable d. P640 favorable

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 5PA: Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but...

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