Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 7 - Flexible Budgets, Direct-Cost Variances, and Management Control - Assignment Material - Problems - Page 282: 7-34(2)

Answer

Actual Pounds of Direct Materials Used in Production in July: Actual Pounds = Direct Material Purchases - Direct Materials Efficiency Variance = 160,000 pounds - \$1,700 F = 160,000 pounds - \$1,700 = 158,300 pounds

Work Step by Step

Actual Pounds of Direct Materials Used in Production in July: Actual Pounds = Direct Material Purchases - Direct Materials Efficiency Variance = 160,000 pounds - \$1,700 F = 160,000 pounds - \$1,700 = 158,300 pounds
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