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    gcuevas's Avatar
    gcuevas Posts: 1, Reputation: 1
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    #1

    Dec 14, 2010, 03:27 PM
    Managerial Accounting
    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's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #2

    Dec 14, 2010, 04:03 PM

    Please read the following announcement.

    https://www.askmehelpdesk.com/financ...-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.
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