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Question 15 A company developed the following per-unit standards for its product: 5 kilograms of direct...
A company developed the following per-unit standards for its product: 5 kilograms of direct materials at...
A company developed the following per-unit standards for its
product: 5 kilograms of direct materials at $3.20 per kilogram.
Last month, 1000 kilograms of direct materials were purchased for
$2880. Also last month, 650 kilograms of direct materials were used
to produce 133 units. What was the direct materials price variance
for last month?
$13760 favourable
$320 favourable
$13760 unfavourable
$320 unfavourable
A company developed the following per-unit standards for its product: 5 kilograms of direct materials at...
A company developed the following per-unit standards for its product: 5 kilograms of direct materials at $3.20 per kilogram. Last month, 1000 kilograms of direct materials were purchased for $2820. Also last month, 700 kilograms of direct materials were used to produce 139 units. What O $13820 favourable $380 favourable O $13820 unfavourable O $380 unfavourable
Question 15 A company developed the following per-unit standards for its product: 5 kilograms of direct...
Question 15 A company developed the following per-unit standards for its product: 5 kilograms of direct materials at $2 per kilogram. Last month, 1,000 kilograms of direct materials were purchased for $3020. Also last month, materials were used to produce 132 units. What was the direct materials quantity variance for last month? O $40 unfavourable $40 favourable O $640 unfavourable $640 favourable LINK TO TEXT Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER
A company developed the following per - unit standards for its product: 2 pounds of direct...
A company developed the following per - unit standards for its product: 2 pounds of direct materials at $4 per pound. Last month, 1,500 pounds of direct materials were purchased for $5,700. The direct materials price variance for last month was a. 5,700 Favorable b. $300 Favorable c. $150 Favorable d. $300 unfavorable
A company developed the following per unit materials standards for its product: 3 gallons of direct...
A company developed the following per unit materials standards for its product: 3 gallons of direct materials at $5 per gallon. If 2,000 units of product were produced last month and 5,750 gallons of direct materials were used, the direct materials quantity variance was: a. $750 favorable b. $1,250 favorable c. $7,500 favorable d. $11,250 favorable.
The per-unit standards for direct labour are 3 direct labour hours at $15 per hour. If...
The per-unit standards for direct labour are 3 direct labour hours at $15 per hour. If in producing 710 units, the actual direct labour cost was $31000 for 2377 direct labour hours worked, the total direct labour variance is $247 unfavourable. $950 favourable. $247 favourable. $950 unfavourable.
The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given...
The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 7.0 millilitres $ 0.26 per millilitre $ 1.82 Direct labour 0.4 hours $ 12.00 per hour $ 4.80 During the most recent month, the following activity was recorded: 26,000 millilitres of material was purchased at a cost of $0.21 per millilitre. All of the material was used to produce 3,000 bottles...
Multiple Choice Question 115 The per-unit standards for direct materials are 2 pounds at $5 per...
Multiple Choice Question 115 The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 9800 pounds of direct materials that actually cost $47200 were used to produce 5400 units of product. The direct materials quantity variance for last month was $6800 unfavorable. $5000 favorable. $2700 favorable. $5000 unfavorable. NOISEA H BACK NE Multiple Choice Question 116 The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 3000...
Jay Levitt Company budgeted the following cost standards for the current year: Direct materials (2 kg...
Jay Levitt Company budgeted the following cost standards for
the current year:
Direct materials (2 kg of
plastic at $6 per kilogram)
$12.00
Direct labour (2 hours at $12
per hour)
24.00
Variable manufacturing
overhead
11.90
Fixed manufacturing
overhead
6.25
Total standard cost per
unit
$54.15
Actual costs for producing 2,740 units were as follows:
Direct materials used
5,560
kg
Direct materials purchased
(6,780 kg)
$40,002
Direct labour (6,880 hours)
$67,424
Variable manufacturing
costs
$32,600
Fixed manufacturing costs
$17,600
Your...
The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 12200...
The per-unit standards for direct materials are 2 gallons at $4
per gallon. Last month, 12200 gallons of direct materials that
actually cost $45140 were used to produce 7000 units of product.
The direct materials quantity variance for last month was
$7200 unfavorable.
$7200 favorable.
$6100 unfavorable.
$5400 favorable.
A company developed the following per-unit standards for its
product: 5 kilograms of direct materials at $3.20 per kilogram.
Last month, 1000 kilograms of direct materials were purchased for
$2880. Also last month, 650 kilograms of direct materials were used
to produce 133 units. What was the direct materials price variance
for last month?
$13760 favourable
$320 favourable
$13760 unfavourable
$320 unfavourable
A company developed the following per-unit standards for its product: 5 kilograms of direct materials at $3.20 per kilogram. Last month, 1000 kilograms of direct materials were purchased for $2820. Also last month, 700 kilograms of direct materials were used to produce 139 units. What O $13820 favourable $380 favourable O $13820 unfavourable O $380 unfavourable
Question 15 A company developed the following per-unit standards for its product: 5 kilograms of direct materials at $2 per kilogram. Last month, 1,000 kilograms of direct materials were purchased for $3020. Also last month, materials were used to produce 132 units. What was the direct materials quantity variance for last month? O $40 unfavourable $40 favourable O $640 unfavourable $640 favourable LINK TO TEXT Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER
Multiple Choice Question 115 The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 9800 pounds of direct materials that actually cost $47200 were used to produce 5400 units of product. The direct materials quantity variance for last month was $6800 unfavorable. $5000 favorable. $2700 favorable. $5000 unfavorable. NOISEA H BACK NE Multiple Choice Question 116 The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 3000...
Jay Levitt Company budgeted the following cost standards for
the current year:
Direct materials (2 kg of
plastic at $6 per kilogram)
$12.00
Direct labour (2 hours at $12
per hour)
24.00
Variable manufacturing
overhead
11.90
Fixed manufacturing
overhead
6.25
Total standard cost per
unit
$54.15
Actual costs for producing 2,740 units were as follows:
Direct materials used
5,560
kg
Direct materials purchased
(6,780 kg)
$40,002
Direct labour (6,880 hours)
$67,424
Variable manufacturing
costs
$32,600
Fixed manufacturing costs
$17,600
Your...
The per-unit standards for direct materials are 2 gallons at $4
per gallon. Last month, 12200 gallons of direct materials that
actually cost $45140 were used to produce 7000 units of product.
The direct materials quantity variance for last month was
$7200 unfavorable.
$7200 favorable.
$6100 unfavorable.
$5400 favorable.
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