Purchase Solution

# BA 510; Accounting for Decision Making & Control P12-11

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12-11: The standard cost sheet calls for 80 pounds of zinc per batch of 70 faucets. Zinc has a standard price of \$5.10 per pound. One thousand pounds of zinc are purchased for \$5,530. Ten batches of the faucets are produced, and 840 pounds of zinc are used. There was no beginning zinc inventory. All variances are calculated as soon as possible.
Required: Prepare a table that decomposes the total purchase price of the zinc (\$5,530) into its various components as calculated by the standard cost system.

##### Solution Summary

A diagram shows you the two material variances, their computations and the decomposition of the amounts.

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##### Introduction to Finance

This quiz test introductory finance topics.

##### IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)