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
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A company developed the following per - unit standards for its
product: 2 pounds of direct...
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.
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
The Clarke Company developed the following standards for the manufacture of its product: Each unit should...
The Clarke Company developed the following standards for the manufacture of its product: Each unit should have 4 pounds of direct materials purchased at $12 per pound. Each unit should be produced in 2 hours at a direct labor cost of $20 per hour. Actual production was 12,000 units using 49,000 pounds of direct materials at a total cost of $586,200 and required 23,500 direct labor hours at a total cost of $479,000. What was the direct labor "quantity" variance...
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...
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 $3.10 per kilogram. Last month, 1000 kilograms of direct materials were purchased for $2990. Also last month, 750 kilograms of direct materials were used to produce 130 units. What was the direct materials price variance for last month? $12820 favourable O $110 favourable 0 $12820 unfavourable $110 unfavourable
Direct Materials Variances Bellingham Company produces a product that requires six standard pounds per unit. The...
Direct Materials Variances Bellingham Company produces a product that requires six standard pounds per unit. The standard price is $10 per pound. If 2,200 units used 12,800 pounds, which were purchased at $10.4 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance Unfavorable b. Direct materials quantity...
Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price is...
Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price is $9.5 per pound. If 3,400 units used 42,400 pounds, which were purchased at $9.02 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Variances Bellingham Company produces a product that requires 12 standard pounds...
Jones Company has the following standards for its single product: standard quantity standard price direct materials...
Jones Company has the following standards for its single product: standard quantity standard price direct materials 11 pounds per unit $4.25 per pound direct labor 8 hours per unit $14.00 per hour variable overhead 8 hours per unit ?????? per hour Jones Company reported the following information for the month of October: 1. 9,140 units were produced. 2. The direct material quantity variance was $36,295 favorable. 3. The variable overhead spending variance was $1,520 favorable. 4. The total direct labor...
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
Direct Materials Variances Bellingham Company produces a product that requires 11 standard pounds per unit. The...
Direct Materials Variances Bellingham Company produces a product that requires 11 standard pounds per unit. The standard price is $8.5 per pound. If 5,800 units required 65,100 pounds, which were purchased at $8.16 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance $ 22,134...
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
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...
Question 15 A company developed the following per-unit standards for its product: 5 kilograms of direct materials at $3.10 per kilogram. Last month, 1000 kilograms of direct materials were purchased for $2990. Also last month, 750 kilograms of direct materials were used to produce 130 units. What was the direct materials price variance for last month? $12820 favourable O $110 favourable 0 $12820 unfavourable $110 unfavourable
Direct Materials Variances Bellingham Company produces a product that requires six standard pounds per unit. The standard price is $10 per pound. If 2,200 units used 12,800 pounds, which were purchased at $10.4 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance Unfavorable b. Direct materials quantity...
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
Direct Materials Variances Bellingham Company produces a product that requires 11 standard pounds per unit. The standard price is $8.5 per pound. If 5,800 units required 65,100 pounds, which were purchased at $8.16 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance $ 22,134...
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