Pardee, Inc. completed operations for the week and the accountant was preparing to make journal entriesnecessary to prepare a set of interim…

Pardee, Inc. completed operations for the week and the accountant was preparing to make journal entriesnecessary to prepare a set of interim financial statements. Unfortunately, he discovered some of the dataconcerning direct materials had been lost. He was able to find the following:Efficiency variance$4,500 UnfavorableStandard price$10 per unitActual units purchased9,000Inventory decrease1,000 unitsBudget variance$900 Favorable75.The actual direct materials price paid per unit wasa.$9.60b.$9.40c.$10.00d.$10.6076.The standard cost of the direct materials used wasa.$90,000b.$95,500c.$100,000d.$94,00077.The standard quantity of direct materials allowed for the month wasa.10,450b.9,000c.10,000d.9,55

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