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![Ans material Price variance - Actual Orciantity Actual Price standard prite] $ 3500 = 70,000 X [AP - $8.0d $350 = 70,000 A.P-](http://img.homeworklib.com/questions/58560e40-6e26-11ea-9d2e-050206c75208.png?x-oss-process=image/resize,w_560)
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Suver Corporation has a standard costing system. The following data are available for June Actual quantity...
Suver Corporation has a standard costing system. The following data are available for June: Actual quantity...
Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased Standard price of direct materials Material price variance Material quantity variance 70,000 pounds $ 8.00 per pound $ 7,000 Unfavorable $ 7,500 Favorable The actual price per pound of direct materials purchased in June was: Multiple Choice O $8.00 per pound O $7.88 per pound The actual price per pound of direct materials purchased in June was: Multiple Choice $8.00...
Ron Swanson Corporation has a standard costing system. The following data are available for June: Actual...
Ron Swanson Corporation has a standard costing system. The following data are available for June: Actual Quantity of Direct Materials Purchased: 35,000 pounds $4 per pound $7,000 Unfavorable $4,200 Favorable Standard Price of Direct Materials: Material Price Variance Material Quantity Variance The actual price per pound of direct materials purchased in June is: $4.08 $3.92 $4.20 $3.80
help Suver Corporation has a standard costing system. The following data are available for June: Actual...
help
Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 80,000 pounds Standard price of direct materials $9.00 per pound Material price variance $8,000 Unfavorable Material quantity variance $6,000 Favorable The actual price per pound of direct materials purchased in June was: .8.88 per pound 9.00 per pound 9.10 per pound The following materials standards have been established for a particular product: Standard quantity per unit of output 5.5...
Sarah Lee Corporation has a standard costing system. The following data are available for June: 23,000pounds...
Sarah Lee Corporation has a standard costing system. The following data are available for June: 23,000pounds Actual quantity of direct materials purchased Standard price of direct materials Material price variance Material quant variance 6.30per pound $ 2,400Unfavorable 2,300Favorable The actual price per pound of direct materials purchased in June was (rounded):
Giant Corporation uses standard costing. The following data are available for May: Actual costs of direct...
Giant Corporation uses standard costing. The following data are available for May: Actual costs of direct materials purchased $10,500 Actual price of direct materials $2.50 per kilogram Materials price variance $2,100 Favorable Materials spending variance $1,500 Favorable The quantity of materials purchased equals the quantity used in production. The standard quantity of material allowed for May production is
Pato Company produces leather sandals. The company employs a standard costing system and has the following...
Pato Company produces leather sandals. The company employs a standard costing system and has the following standards for direct materials in order to produce one pair of sandals: standard quantity standard price direct materials 26 pounds $19 per pound During May, Pato purchased 33,900 pounds of direct materials and produced 9,000 pairs of sandals, using 31,000 pounds of direct materials to do so. Pato Company reported the following variances for May: Direct material price variance ........ $23,730 favorable Direct material...
Myers Corporation has the following data related to direct materials costs for November: actual costs for...
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,690 pounds of material, $5.20 and standard costs for 4,490 pounds of material at $6.40 per pound. What is the direct materials quantity variance? a. $5,628 unfavorable b. $5,628 favorable c. $1,280 favorable d. $1,280 unfavorable
Kennedy Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Kennedy Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost per Unit Direct materials 8.2 pounds $7.00 per pound $57.40 Direct labor 0.4 hours $20.00 per hour $8.00 Variable overhead 0.4 hours $2.00 per hour $0.80 The company budgeted for production of 2,400 units in June, but actual production was 2,500 units. The company used 19,850 pounds of direct material and 980 direct labor-hours to produce this output. The company...
Myers Corporation has the following data related to direct materials costs for November: actual costs for...
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,650 pounds of material, $5.10; and standard costs for 4,410 pounds of material at $6.10 per pound. What is the direct materials price variance? Oa. $4,650 favorable b. $4,650 unfavorable c. $1,464 favorable d. $1,464 unfavorable
Myers Corporation has the following data related to direct materials costs for November: actual costs for...
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.00; and standard costs for 4,460 pounds of material at $6.40 per pound. What is the direct materials price variance? Oa. $1,344 unfavorable ob. $6,538 unfavorable OC. $6,538 favorable Od. $1,344 favorable
Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased Standard price of direct materials Material price variance Material quantity variance 70,000 pounds $ 8.00 per pound $ 7,000 Unfavorable $ 7,500 Favorable The actual price per pound of direct materials purchased in June was: Multiple Choice O $8.00 per pound O $7.88 per pound The actual price per pound of direct materials purchased in June was: Multiple Choice $8.00...
Ron Swanson Corporation has a standard costing system. The following data are available for June: Actual Quantity of Direct Materials Purchased: 35,000 pounds $4 per pound $7,000 Unfavorable $4,200 Favorable Standard Price of Direct Materials: Material Price Variance Material Quantity Variance The actual price per pound of direct materials purchased in June is: $4.08 $3.92 $4.20 $3.80
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Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 80,000 pounds Standard price of direct materials $9.00 per pound Material price variance $8,000 Unfavorable Material quantity variance $6,000 Favorable The actual price per pound of direct materials purchased in June was: .8.88 per pound 9.00 per pound 9.10 per pound The following materials standards have been established for a particular product: Standard quantity per unit of output 5.5...
Sarah Lee Corporation has a standard costing system. The following data are available for June: 23,000pounds Actual quantity of direct materials purchased Standard price of direct materials Material price variance Material quant variance 6.30per pound $ 2,400Unfavorable 2,300Favorable The actual price per pound of direct materials purchased in June was (rounded):
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,650 pounds of material, $5.10; and standard costs for 4,410 pounds of material at $6.10 per pound. What is the direct materials price variance? Oa. $4,650 favorable b. $4,650 unfavorable c. $1,464 favorable d. $1,464 unfavorable
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.00; and standard costs for 4,460 pounds of material at $6.40 per pound. What is the direct materials price variance? Oa. $1,344 unfavorable ob. $6,538 unfavorable OC. $6,538 favorable Od. $1,344 favorable
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