Homework Answers
| Std Material Quantity per unit of Output: 0.50 pounds | |||||||||
| Std material Quantity allowed for actual output (5100 *0.50): 2550 pounds | |||||||||
| Std price per pound: $ 4.00 per pound | |||||||||
| Actual Quantity used: 2615 pounds | |||||||||
| Actual price per pound: $ 3.85 per pound | |||||||||
| Material Price Variance: | |||||||||
| Actual Quantity * ( | Std price per pound - | Actual Pound per pound) = | Material Price variance | ||||||
| 2615 pounds * ( | 4.00 - | 3.85 ) = | $ 392.25 Favorable | ||||||
| Material Price variance: $ 392.25 Favorable | |||||||||
| Material Efficiency Variance: | |||||||||
| Std price per pound * ( | Standard qty - | Actual Quantity ) = | Material Efficiency Variance | ||||||
| 4.00 * | (2550 pounds - | 2615 pounds ) = | $ 260 unfavorable | ||||||
| Material Efficiency variance: $ 260 Unfavorable | |||||||||
| Total Material variance: | |||||||||
| Material price variance: | 392.25 | F | |||||||
| material Efficiency Variance: | 260 | U | |||||||
| Total Material variance: | 132.25 | Fav | |||||||
| Total Material variance: $ 132.25 favorable | |||||||||
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help asap please Actual cost and operating data from the most recent month are as follows: EE (Click the loon t...
help asap please
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Ander's Clothing manufactures embroidered jackets. The company
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Please complete fully, thanks i Data Table Kimartin Fabrics manufactures a specialty monogrammed blanket. The following...
Please complete fully, thanks
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Allan Products manufactures faux boulders to be used in various landscaping applications. A special resin is used to make the boulders. The standard quantity of resin used for each boulder is 17 pounds. Allan Products uses a standard cost of $2.30 per pound for the resin. The company produced 1,000 boulders in June. In that month, 16,400 pounds of resin were purchased at a total cost of $41,000. A total of 16,000 pounds were used in producing the boulderss in...
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help asap please
Actual cost and operating data from the most recent month are as follows: EE (Click the loon to view the actual rosults) All manufacturing overhead is allocated on the basis of direct labor hours Pratt Awning manufactures awnings and uses a standard cost systom. The company allocatos overhoed based on the number of direct labor hours. The following are the company's cost and standards data: Read the requirements Requirement 1. Caloulate the standard cost of one awning...
Ander's Clothing manufactures embroidered jackets. The company
uses a standard cost system to control manufacturing costs. The
following data represent the standard unit cost of a jacket:
i Data Table $4.15 per sq. ft.) Direct materials 3.0 sq. ft x 12.45 Direct labor $9.70 per hour) ( 2,0 hours x 19.40 Manufacturing overhead: Variable 2.0 hours x $0.68 per hour) 1.36 4.40 5.76 2.0 hours x $2.20 per hour) Fixed 37.61 Total standard cost per jacket Fixed overhead in total...
Please complete fully, thanks
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