The following data pertains to the direct materials cost for the month of October: Standard costs...
The following data pertains to the direct materials cost for the month of October:
| Standard costs | 5,000 | units allowed at $20 each |
| Actual costs | 5,050 | units input at $19 each |
What is the direct materials efficiency variance?
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$950 favorable
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$950 unfavorable
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$1,000 favorable
-
$1,000 unfavorable
Homework Answers
Correct answer---------$1,000 unfavorable
Working
| Material efficiency Variance | ||||||
| ( | Standard Quantity | - | Actual Quantity | ) | x | Standard Rate |
| ( | 5000 | - | 5050 | ) | x | $ 20.00 |
| -1000 | ||||||
| Variance | $ 1,000.00 | Unfavourable-U | ||||
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The following data pertains to the direct materials cost for the
month of October:
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Reed Corp. has set the following standard direct materials and direct labor costs per unit for...
Reed Corp. has set the following standard direct materials and
direct labor costs per unit for the product it
manufactures.
Direct materials (16 lbs. @ $5 per lb.) $80
Direct labor (4 hrs. @ $15 per hr.) $60
During June the company incurred the following actual costs to
produce 9,000 units.
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Reed Corp. has set the following standard direct materials and
direct labor costs per unit for the product it
manufactures.
Direct materials (16 lbs. @ $5 per lb.) $80
Direct labor (4 hrs. @ $15 per hr.) $60
During June the company incurred the following actual costs to
produce 9,000 units.
Direct materials (146,700 lbs. @ $4.75 per lb.) $696,825
Direct labor (40,300 hrs. @ $15.10 per hr.). $608,530
AH = Actual Hours
SH = Standard Hours
AR = Actual...
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