Aquatic Corp

question 159

Essay

Aquatic Corp.'s standard material requirement to produce one Model 2000 is 15 pounds of material at $110 per pound. Last month, Aquatic purchased 170,000 pounds of material at a total cost of $17,850,000. It used 162,000 pounds to produce 10,000 units of Model 2000.​
Determine the direct materials price variance and direct materials quantity variance, and indicate whether each variance is favorable or unfavorable.

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Definitions:

Agency Goals

The objectives or targets that an agency aims to achieve through its operations and initiatives.

Public Speaking

The act or process of delivering a speech or presentation in front of a live audience, aimed at informing, persuading, or entertaining.

Engage Emotions

The act of appealing to or provoking the feelings of an audience or individuals, often to inspire, persuade, or create a connection.

Interact

To interact is to communicate or engage with others through verbal, non-verbal, or digital means, facilitating the exchange of information or ideas.