Copper Company Reports the Following Standards for Direct Materials for the Year

question 4

Essay

Copper Company reports the following standards for direct materials for the year:
Standard cost per pound $2.50
Standard amount per finished good 6 pounds
During the year,420,000 finished goods were produced.The direct materials price variance was $13,600 unfavorable.The direct materials flexible budget variance was $1,200 favorable.
Calculate the following items regarding direct materials for Douglas Corporation for the year:
A.Direct materials efficiency variance
B.Standard quantity of direct materials for actual production
C.Actual pounds of direct materials used for actual production

Recognize the significance of computer and information competency for effective decision-making.

Understand how management information systems support organizational functions.

Recognize the impact of information technology on organizational structure and barriers.

Understand the management process of planning, organizing, leading, and controlling and its reliance on information.

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Definitions:

Alveolates

A group of protists characterized by the presence of alveoli, small sacs underneath their cell membranes.

Kelps

Large brown seaweeds that grow in underwater forests in shallow oceans, known for their high growth rate and the complex habitat they provide for marine life.

Brown Algae

A group of photosynthetic, multicellular marine algae, typically found in cooler waters, distinguished by their brown color due to fucoxanthin pigment.