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 |
Homework Answers
| Ans. | Option 2nd $320 favorable | |||
| Materials price variance = (Standard price * Actual quantity purchased) - Actual materials purchased cost | ||||
| ($3.20 * 1,000) - $2,880 | ||||
| $3,200 - $2,880 | ||||
| $320 | favorable | |||
Add Answer to:
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...
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 $2820. Also last month, 700 kilograms of direct materials were used to produce 139 units. What O $13820 favourable $380 favourable O $13820 unfavourable O $380 unfavourable
Question 15 A company developed the following per-unit standards for its product: 5 kilograms of direct...
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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
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The per-unit standards for direct materials are 2 gallons at $4
per gallon. Last month, 12200 gallons of direct materials that
actually cost $45140 were used to produce 7000 units of product.
The direct materials quantity variance for last month was
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Talia Company produces a single product. The company has set
standards as follows for materials and labour:
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Standard quantity or hours per unit
? kilograms
1.25 hours
Standard price or rate.
? per kilogram
$
10 per hour
Standard cost per unit
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$
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During the past month, the company purchased 3,000 kilograms of
direct materials at a cost of $8,250. All of this material was used
in the production of 700 units of product....
Talia Company produces a single product. The company has set
standards as follows for materials and labour:
Direct Materials
Direct Labour
Standard quantity or hours per unit
? kilograms
1.25 hours
Standard price or rate.
? per kilogram
$
10 per hour
Standard cost per unit
?
$
11.25
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direct materials at a cost of $8,250. All of this material was used
in the production of 700 units of product....
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Direct labour (2 hours at $12
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overhead
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Fixed manufacturing
overhead
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unit
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5,560
kg
Direct materials purchased
(6,780 kg)
$40,002
Direct labour (6,880 hours)
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