Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Gilder Corporation makes a product with the following standard costs:
| Standard Quantity or Hours | Standard Price or Rate | Standard Cost Per Unit | ||||||
| Direct materials | 6.10 | grams | $ | 5.00 | per gram | $ | 30.50 | |
| Direct labor | 0.20 | hours | $ | 11.00 | per hour | $ | 2.20 | |
| Variable overhead | 0.20 | hours | $ | 4.00 | per hour | $ | 0.80 | |
The company reported the following results concerning this product
in June:
| Originally budgeted output | 3,100 | units |
| Actual output | 3,180 | units |
| Raw materials used in production | 18,508 | grams |
| Purchases of raw materials | 21,108 | grams |
| Actual direct labor-hours | 560 | hours |
| Actual cost of raw materials purchases | $99,210 | |
| Actual direct labor cost | $5,757 | |
| Actual variable overhead cost | $1,594 | |
The company applies variable overhead on the basis of direct
labor-hours. The direct materials purchases variance is computed
when the materials are purchased.
The materials quantity variance for June is:
Homework Answers
Materials Quantity Variance = (SQ-AQ) * SP
= (18,508 - 3180*6.10)* 5
= (18,508 - 19,398)*5
= 4450 UNFAVORABLE
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Gilder Corporation makes a product with the following standard
costs:
Standard Quantity or Hours
Standard Price...
Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 7.00 grams $14.00 per gram $98.00 Direct labor 0.20 hours $20.00 per hour $ 4.00 Variable overhead 0.20 hours $ 7.00 per hour $ 1.40 The company reported the following results concerning this product in June: Originally budgeted output 4,000 units Actual output 4,080 units Raw materials used in production 25,996 grams Purchases of raw materials...
Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
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Gilder Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Rate Standard Cost Hours Per Unit $8.00 per gram $12.00 per hour $8.00 per hour 4.0 grams 0.6 hours 0.6 hours $32.00 $7.20 $4.80 Direct materials Direct labor Varlable overhead The company reported the followling results concerning this product In June. Originally budgeted output Actual output Raw materlals used in production Purchases of raw materlals Actual direct labor-hours Actual cost of raw materlals purchases...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
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idd Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 4.4 grams $2.00 per gram $8.80 Direct labor 0.5 hours $15.00 per hour $7.50 Variable overhead 0.5 hours $2.00 per hour $1.00 The company reported the following results concerning this product in November. Originally budgeted output 9,200 units Actual output 9,300 units Raw materials used in production 44,760 grams Purchases of raw materials...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 7.0 ounces $ 3.00 per ounce $ 21.00 Direct labor 0.3 hours $ 14.00 per hour $ 4.20 Variable overhead 0.3 hours $ 9.00 per hour $ 2.70 The company reported the following results concerning this product in June. Originally budgeted output 2,400 units Actual output 2,900 units Raw materials used in production 22,000 ounces Purchases...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 5.3 ounces $ 2.00 per ounce $ 10.60 Direct labor 0.2 hours $ 13.00 per hour $ 2.60 Variable overhead 0.2 hours $ 4.00 per hour $ .80 The company reported the following results concerning this product in June. Originally budgeted output 4,300 units Actual output 4,300 units Raw materials used in production 24,500 ounces Purchases...
Oddo Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
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Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
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Gilder Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Rate Standard Cost Hours Per Unit $8.00 per gram $12.00 per hour $8.00 per hour 4.0 grams 0.6 hours 0.6 hours $32.00 $7.20 $4.80 Direct materials Direct labor Varlable overhead The company reported the followling results concerning this product In June. Originally budgeted output Actual output Raw materlals used in production Purchases of raw materlals Actual direct labor-hours Actual cost of raw materlals purchases...
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