Information concerning Johnston Company's direct materials costs is as follows: Standard price per pound $7.95 Actual quantity purchased 3,410 pounds Actual quantity used in production 3,310 pounds Units of product manufactured 850 Materials purchase-price variance, favorable $ 1,005 Budget data for the period: Units to manufacture 1,150 Units of direct materials 4,600 pounds The actual purchase price per pound of direct materials was: $7.62. $7.66. $7.99. $8.24. $8.62.

Information concerning Johnston Company's direct materials costs is as follows: Standard price per pound $7.95 Actual quantity purchased 3,410 pounds Actual quantity used in production 3,310 pounds Units of product manufactured 850 Materials purchase-price variance, favorable $ 1,005 Budget data for the period: Units to manufacture 1,150 Units of direct materials 4,600 pounds The actual purchase price per pound of direct materials was: $7.62. $7.66. $7.99. $8.24. $8.62.

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Description: Please do not give solution in image format thanku Information concerning JohnstonCompany's direct materials costs is asfollows: Standard price per pound $7.95Actual quantity purchased 3,410 poundsActual quantity used in production 3,310pounds Units

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 13CE: Nashler Company has the following budgeted variable costs per unit produced: Budgeted fixed overhead...

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