Managerial Accounting (15th Edition)

by Garrison, Ray; Noreen, Eric, Brewer, Peter

Published by McGraw-Hill Education

ISBN 10: 007802563X

ISBN 13: 978-0-07802-563-1

Chapter 10 - Standard Costs and Variances - The Foundational 15 - Required - Page 450: 5

Answer

$85,000\text{ F}$

Work Step by Step

Again same formula but if it is price variance and there is ending inventory (purchase>production need) then, we take AQ, as quantity purchased. $170,000(7.5-8)=85,000F$

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