30. Startrek Enterprises has collected the following data on one of its products. During the period...
30. Startrek Enterprises has collected the following data on one
of its products. During the period the company produced 25,000
units. The direct materials price variance is:
| Direct materials standard (7 kg. @ $2/kg) | $ | 14 | per finished unit |
| Actual cost of materials purchased | $ | 322,500 | |
| Actual direct materials purchased and used | 150,000 | kgs. | |
Homework Answers
| Direct materials price variance = Actual cost-(Actual quantity*Standard rate) |
| Direct materials price variance = 322500-(150000*2)= $22500 Unfavorable |
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30. Startrek Enterprises has collected the following data on one
of its products. During the period...
Parallel Enterprises has collected the following data on one of its products. During the period the...
Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materials price variance is: Direct materials standard (7 kg. @ $1.70/kg.) $11.90 per finished unit Actual cost of materials purchased $266,800 Actual direct materials purchased and used 144,000 kgs.
arallel Enterprises has collected the following data on one of its products. During the period the...
arallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materials price variance is: Direct materials standard (7 kg. @ $1.75/kg.) $12.25 per finished unit Actual cost of materials purchased $275,850 Actual direct materials purchased and used 145,000 kgs. rev: 04_16_2018_QC_CS-124628 Multiple Choice $30,400 unfavorable. $52,500 unfavorable. $52,500 favorable. $22,100 unfavorable. $22,100 favorable.
Parallel Enterprises has collected the following data on one of its products. During the period the...
Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materials price variance is: Direct materials standard (7 kg. $2.15/kg.) Actual cost of materials purchased Actual direct materials purchased and used $15.05 per finished unit $351,750 153,000 kgs Multiple Choice $47,300 unfavorable. $24,500 unfavorable. $22,800 favorable. < Prev 7 of 10 Next の Multiple Choice $47.300 unfavorable. Os24500 unfavorable $24,500 unfavorable. $22,800 favorable $22,800 unfavorable. $47.300 favorable <...
Georgia, Inc. has collected the following data on one of its products. The actual cost of...
Georgia, Inc. has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials standard (5 lbs @ $1/lb) $ 5 per finished unit Total direct materials cost variance—unfavorable $ 15,750 Actual direct materials used 150,000 lbs Actual finished units produced 25,000 units $125,000. $109,250. $194,500. $150,000. $140,750.
Georgia, Inc. has collected the following data on one of its products. The actual cost of...
Georgia, Inc. has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials standard (2 lbs @ $3/lb) $6 per finished unit Total direct materials cost variance—unfavorable $25,250 Actual direct materials used 75,000 lbs. Actual finished units produced 25,000 units Multiple Choice $200,750. $75,000. $175,250. $124,750. $150,000.
Georgia, Inc. has collected the following data on one of its products. The actual cost of the direct materials used is:...
Georgia, Inc. has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials standard (3 lbs @ $2/lb) $6 per finished unit Total direct materials cost variance—unfavorable $14,250 Actual direct materials used 100,000 lbs. Actual finished units produced 25,000 units $135,750. $150,000. $100,000. $164,250. $182,000.
Georgia, Inc. has collected the following data on one of its products. The direct materials quantity...
Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (2 lbs @ $1/lb) $ 2 per finished unit Total direct materials cost variance—unfavorable $ 17,750 Actual direct materials used 60,000 lbs Actual finished units produced 20,000 units $17,750 unfavorable. $20,000 favorable. $17,750 favorable. $20,000 unfavorable. $2,250 favorable.
Georgia, Inc. has collected the following data on one of its products. The direct materials quantity...
Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (2 lbs @ $1/lb) $2 per finished unit Total direct materials cost variance—unfavorable $20,750 Actual direct materials used 72,000 lbs. Actual finished units produced 24,000 units Multiple Choice $24,000 unfavorable. $20,750 unfavorable. $3,250 favorable. $20,750 favorable. $24,000 favorable.
How much is the direct materials quantity variance? Oliver Enterprises has collected the following data for...
How much is the direct materials quantity
variance?
Oliver Enterprises has collected the following data for one of its products: Direct materials standard (8 pounds per unit @ $0.60/lb.) Direct materials flexible budget variance - unfavorable Actual Direct Materials Used (AQU) Actual finished goods produced $4.80 per finished good $8,000 35,000 pounds 26,000 units O A. $21,000 unfavorable O B. $124,800 unfavorable OC. $103,800 favorable OD. $124,800 favorable
The following company information is available. The direct materials quantity variance is: Direct materials used for...
The following company information is available. The direct materials quantity variance is: Direct materials used for prodution Standard quantity for units produced Standard cost per gallon of direct material Actual cost per gallon of direct material 35,000 gallons 33,400 gallons $11.00 $11.20 Multiple Choice $17600 unfavorable. $17200 favorable $24,600 unfavorable Multiple Choice $17,600 unfavorable. $17.200 favorable. $24,600 unfavorable. $24,600 favorable. $17,200 unfavorable Use the following data to find the direct labor rate variance if the company produced 3,500 units during...
Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materials price variance is: Direct materials standard (7 kg. $2.15/kg.) Actual cost of materials purchased Actual direct materials purchased and used $15.05 per finished unit $351,750 153,000 kgs Multiple Choice $47,300 unfavorable. $24,500 unfavorable. $22,800 favorable. < Prev 7 of 10 Next の Multiple Choice $47.300 unfavorable. Os24500 unfavorable $24,500 unfavorable. $22,800 favorable $22,800 unfavorable. $47.300 favorable <...
How much is the direct materials quantity
variance?
Oliver Enterprises has collected the following data for one of its products: Direct materials standard (8 pounds per unit @ $0.60/lb.) Direct materials flexible budget variance - unfavorable Actual Direct Materials Used (AQU) Actual finished goods produced $4.80 per finished good $8,000 35,000 pounds 26,000 units O A. $21,000 unfavorable O B. $124,800 unfavorable OC. $103,800 favorable OD. $124,800 favorable
The following company information is available. The direct materials quantity variance is: Direct materials used for prodution Standard quantity for units produced Standard cost per gallon of direct material Actual cost per gallon of direct material 35,000 gallons 33,400 gallons $11.00 $11.20 Multiple Choice $17600 unfavorable. $17200 favorable $24,600 unfavorable Multiple Choice $17,600 unfavorable. $17.200 favorable. $24,600 unfavorable. $24,600 favorable. $17,200 unfavorable Use the following data to find the direct labor rate variance if the company produced 3,500 units during...
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