Doogan Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials7.4grams$ 2.00per gramDirect

Doogan Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials7.4grams$ 2.00per gramDirect

Question:

Don't use plagiarized sources. Get Your Custom Assignment on
Doogan Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials7.4grams$ 2.00per gramDirect
From as Little as $13/Page

Doogan Corporation makes a product with the following standard costs:Standard Quantity or HoursStandard Price or RateDirect materials7.4grams$ 2.00per gramDirect labor0.5hours$ 20.00per hourVariable overhead0.5hours$ 7.00per hourThe company produced 5,200 units in January using 39,310 grams of direct material and 2,380 direct labor-hours. During the month, the company purchased 44,400 grams of the direct material at $1.70 per gram. The actual direct labor rate was $19.30 per hour and the actual variable overhead rate was $6.80 per hour.The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The materials price variance for January is?

Expert Answer:

Answer rating: 100% (QA)

To calculate the materials price variance we need to co
View the full answer