Homework Answers
| Direct materials quantity variance = ( Actual quantity - Standard quantity ) * Standard rate = ( 403750 - 405000 ) * 2.00 | 2500 | Favorable |
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MC Qu. 48 A company provided the following... A company provided the following direct materials cost...
) A company provided the following direct materials cost information. Compute the total direct materials cost variance....
) A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard costs assigned: Direct materials standard cost (205,000 units @ $1.00/unit) $ 405,000 Actual costs: Direct Materials costs incurred (203,750 units @ $1.10/unit) $ 444,125 Enter your answer here: (Tip: be familiar with whether your numeric answer is either favorable or unfavorable) 4) A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials...
QUESTION 21 A company provided the following direct materials cost information. Compute the direct materials price...
QUESTION 21 A company provided the following direct materials cost information. Compute the direct materials price variance Standard coste an pireet naterials d cest res,000 nite 2.00/ Actual costan Direct Materials costs incurred (403, 750 uit 2.20/itu O $81,000 Favorable. $81,000 Unfavorable. $80,750 Unfavorable. $80,750 Favorable. O $78,250 Favorable. QUESTION 22 A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at...
Based on predicted production of 12,000 units, a company anticipates $150,000 of fixed costs and $123,000...
Based on predicted production of 12,000 units, a company anticipates $150,000 of fixed costs and $123,000 of variable costs. The flexible budget amounts of foed and variable costs for 10,000 units are: О $125,000 fixed and $102,500 variable. О $125,000 fixed and $123,000 variable. О $102.500 fixed and $150,000 variable. О $150,000 fixed and $123,000 variable. О S150,000 fixed and $102,500 variable. Preu A company provided the following direct materials cost information. Compute the total direct materials cost variance. $810,000...
A company provided the following direct materials cost information. Compute the total direct materials cost variance....
A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard costs assigned: Direct materials standard cost (419,000 units @ $4.00 / unit) $ 1,676,000 Actual costs: Direct Materials costs incurred (417,750 units @ $4.20 / unit) $ 1,754,550 Multiple Choice $78,550 Unfavorable. $78,550 Favorable. $5,000 Favorable. $83,550 Unfavorable. $83,550 Favorable.
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard...
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (410,000 units @ $3.90/unit) $ 1,599,000 Actual costs: Direct Materials costs incurred (409,250 units @ $4.00/unit) $ 1,637,000 $1,599,000 Favorable. $1,599,000 Unfavorable. $40,925 Unfavorable. $40,925 Favorable. $41,000 Favorable.
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard...
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (419,000 units @ $3.00/unit) $ 1,257,000 Actual costs: Direct Materials costs incurred (416,000 units @ $3.20/unit) $ 1,331,200 Multiple Choice $1,257,000 Favorable. $1,257,000 Unfavorable. $83,200 Unfavorable. $83,200 Favorable. $83,800 Favorable.
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard...
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (406,000 units @ $2.10/unit) $ 852,600 Actual costs: Direct Materials costs incurred (404,850 units @ $2.30/unit) $ 931,155 Multiple Choice $852,600 Favorable. $852,600 Unfavorable. $80,970 Unfavorable. $80,970 Favorable. $81,200 Favorable.
A company provided the following direct materials cost information. Compute the direct materials price variance. $1,526,400...
A company provided the following direct materials cost information. Compute the direct materials price variance. $1,526,400 Standard costs assigned: Direct materials standard cost (424,000 units @ $3.60/unit) Actual costs: Direct materials costs incurred (421,500 units @ $3.70/unit) $1,559,550 Ο $1,526,400 Favorable. Ο $1,526,400 Unfovorable. Ο Ο $42.150 Unfavorable. Ο SA2,150 Favorable, Ο $42,400 Favorable.
A company's flexible budget for the range of 30,000 units to 36,000 units of production showed...
A company's flexible budget for the range of 30,000 units to 36,000 units of production showed variable overhead costs of $3.60 per unit and fixed overhead costs of $70,000. The company incurred total overhead costs of $180,100 while operating at a volume of 40,000 units. The total controllable cost variance is Multiple Choice $2,100 unfavorable. $2100 favorable. 33.900 favorable. $6,000 favorable $33.900 unfavorable Hassock Corp. produces woven wall hangings. It takes 4 hours of direct labor to produce a single...
A company provided the following direct materials cost information. Compute the total direct materials cost variance....
A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard costs assigned: Direct materials standard cost (406,000 units @ $3.00 / unit) $ 1,218,000 Actual costs: Direct materials costs incurred (404,750 units @ $3.20 / unit) $ 1,295,200
QUESTION 21 A company provided the following direct materials cost information. Compute the direct materials price variance Standard coste an pireet naterials d cest res,000 nite 2.00/ Actual costan Direct Materials costs incurred (403, 750 uit 2.20/itu O $81,000 Favorable. $81,000 Unfavorable. $80,750 Unfavorable. $80,750 Favorable. O $78,250 Favorable. QUESTION 22 A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at...
Based on predicted production of 12,000 units, a company anticipates $150,000 of fixed costs and $123,000 of variable costs. The flexible budget amounts of foed and variable costs for 10,000 units are: О $125,000 fixed and $102,500 variable. О $125,000 fixed and $123,000 variable. О $102.500 fixed and $150,000 variable. О $150,000 fixed and $123,000 variable. О S150,000 fixed and $102,500 variable. Preu A company provided the following direct materials cost information. Compute the total direct materials cost variance. $810,000...
A company provided the following direct materials cost information. Compute the direct materials price variance. $1,526,400 Standard costs assigned: Direct materials standard cost (424,000 units @ $3.60/unit) Actual costs: Direct materials costs incurred (421,500 units @ $3.70/unit) $1,559,550 Ο $1,526,400 Favorable. Ο $1,526,400 Unfovorable. Ο Ο $42.150 Unfavorable. Ο SA2,150 Favorable, Ο $42,400 Favorable.
A company's flexible budget for the range of 30,000 units to 36,000 units of production showed variable overhead costs of $3.60 per unit and fixed overhead costs of $70,000. The company incurred total overhead costs of $180,100 while operating at a volume of 40,000 units. The total controllable cost variance is Multiple Choice $2,100 unfavorable. $2100 favorable. 33.900 favorable. $6,000 favorable $33.900 unfavorable Hassock Corp. produces woven wall hangings. It takes 4 hours of direct labor to produce a single...
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