# Accounting

The following data relate to direct materials costs for February:

Materials cost per yard: standard, \$1.96; actual, \$2.03
Standard yards per unit: standard, 4.64 yards; actual, 5.18 yards
Units of production: 9,100

Don't use plagiarized sources. Get Your Custom Essay on
Accounting
Just from \$13/Page

Calculate the direct materials price variance.

a.\$3,299.66 unfavorable

b.\$637.00 unfavorable

c.\$3,299.66 favorable

d.\$2,955.68 favorable

A company’s Work in Process Inventory T-account follows.

The cost of goods manufactured is

a. \$193,000. c. \$185,000. e. \$176,200.

b. \$211,800. d. \$144,600.

A new product is released in two medium-sized cities. The demands in Month 1 were 37 and 43 units and in Month 2 were 55 and 45 units. Which of the following is correct and most complete?

a. A first order regression forecast for Period 3 is 70 units.

b. One of the residuals is -2 and another one is 5.

c. A first order regression forecast for Period 3 is 60 units.

d. Trend analysis cannot involve regression analysis. e. All of the above are correct except (a).

Grab A 14% Discount on This Paper
Pages (550 words)
Approximate price: -
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Try it now!

Total price:
\$0.00

How it works?