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For the current period, Kayenta Company’s manufacturing operations yield a $3,500 unfavorable price variance on its direct materials usage. The actual price per pound of material is $80; the standard price is $79.50 per pound. How many pounds of material were used in the current period?

Respuesta :

Answer:

7,000 Pound s

Explanation:

Material Price Variance = $3,500 Unfavorable

Actual price per pound of material = $80

standard price = $79.50 per pound

Materials price variance = (Actual price - Standard Price) × Actual Quantity

$3,500 = ($80 - $79.50) × Actual pounds

Actual pounds = $3,500 ÷ 0.50

Actual pounds = 7,000 Pound

Therefore, 7,000 Pound s of material were used in the current period.

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