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gcuevas
Dec 14, 2010, 03:27 PM
Aqua Company produces aquariums. During the year 150,000 aquariums were produced. Materials and labor standards for producing the aquariums are as follows:


Direct materials (2 sheets of glass @ $2 each)
$4

Direct labor (3 hours @ $8)
24



Aqua purchased and used 310,000 sheets of glass at $1.50 each and its actual labor hours were 435,000 hours at a wage rate of $8.50.


Refer to Figure 9-5. What is the materials price variance?

Just Looking
Dec 14, 2010, 04:03 PM
Please read the following announcement.

https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html

If you will start by writing the formula and then plugging in the numbers, showing your work, we can check it for you and see if you understand. Thanks.