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Larkin Company accumulated the following standard cost data concerning product I-Tal. Direct materials per unit: 3.00...
Do It! Review 25-1 Larkin Company accumulated the following standard cost data concerning product I-Tal Direct...
Do It! Review 25-1 Larkin Company accumulated the following standard cost data concerning product I-Tal Direct materials per unit: 2.52 pounds at $6.76 per pound Direct labor per unit: 6.02 hours at $10 per hour Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $11.00 per direct labor hour Compute the standard cost of one unit of product I-Tal. (Round answer to 2 decimal places, e.g. 2.75.) Standard cost
Question 9 Blossom Company accumulated the following standard cost data concerning product I-Tal. Direct materials per...
Question 9
Blossom Company accumulated the following standard cost data
concerning product I-Tal.
Direct materials per unit: 3.00 pounds at $4.50 per pound
Direct labor per unit: 8.60 hours at $15 per hour
Manufacturing overhead: Allocated based on direct labor hours
at a predetermined rate of $22.50 per direct labor hour
Compute the standard cost of one unit of product I-Tal.
(Round answer to 2 decimal places, e.g.
2.75.)
Standard cost
$
Direct Materials Variances Bellingham Company produces a product that requires 15 standard pounds per unit. The...
Direct Materials Variances Bellingham Company produces a product that requires 15 standard pounds per unit. The standard price is $8 per pound. If 5,600 units required 87,400 pounds, which were purchased at $8.24 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 b. Direct...
tem. In 2020, the company produced 27,900 units. Each unit took several pounds of direct materials ndar...
tem. In 2020, the company produced 27,900 units. Each unit took several pounds of direct materials ndard hourly rate of $13.00. Normal capacity was 49,700 direct labor hours. During the year, 1.30.300 pounds and 1.6 standard hours of direct labor at a purchased at $0.93 per pound. All materials purchased were used during the year What was the standard cost per unit of product? (Round answer to 2 decimal places, e-g. 2.75. $ Standard cost per unit If the 2.75.)...
Direct Materials Variances Bellingham Company produces a product that requires 6 standard pounds per unit. The standard...
Direct Materials Variances Bellingham Company produces a product that requires 6 standard pounds per unit. The standard price is $10 per pound. If 6,300 units required 36,300 pounds, which were purchased at $10.3 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 negative number using a minus sign and an unfavorable variance as a positive number. 10,890 Unfavorable a. Direct materials price variance b....
Flounder Company has gathered the following information about its product. Direct materials. Each unit of product...
Flounder Company has gathered the following information about
its product.
Direct materials. Each unit of product contains 5.00
pounds of materials. The average waste and spoilage per unit
produced under normal conditions is 0.60 pounds. Materials cost $3
per pound, but Flounder always takes the 2.00% cash discount all of
its suppliers offer. Freight costs average $0.30 per pound.
Direct labor. Each unit requires 2.00 hours of labor.
Setup, cleanup, and downtime average 0.10 hours per unit. The
average hourly...
Problem 11-1A Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. $ 6.00 5.98 3.00 5.00 $19.98 Direct materials-1 pound plastic at $6 per pound Dire...
Problem 11-1A Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. $ 6.00 5.98 3.00 5.00 $19.98 Direct materials-1 pound plastic at $6 per pound Direct labor-0.50 hours at $11.95 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit The predetermined manufacturing overhead rate is $16 per direct labor hour ($8.00 ÷ 0.50). It was computed from a master manufacturing overhead budget based on normal production of 2,600 direct...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.00 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.00 pounds. Materials cost $4 per pound, but Stefani always takes the 2.00% cash discount all of its suppliers offer. Freight costs average $0.25 per pound. Direct labor. Each unit requires 1.90 hours of labor. Setup, cleanup, and downtime average 0.10 hours per unit. The average hourly...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product...
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 4.20 pounds of materials. The average waste under normal conditions is 0.80 pounds Materials cost $ pound but Stefani always takes the 2.00 % cash discount all of its suppliers $0.45 per pound. Direct labor. Each unit requires 1.60 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly pay rate of Stefani's employees is $12.30. Payroll taxes...
Exercise 23-3 Stefani Company has gathered the following information about its product. Direct materials: Each unit...
Exercise 23-3
Stefani Company has gathered the following information about its
product.
Direct materials: Each unit of product contains 3.40
pounds of materials. The average waste and spoilage per unit
produced under normal conditions is 0.10 pounds. Materials cost $2
per pound, but Stefani always takes the 5.00% cash discount all of
its suppliers offer. Freight costs average $0.45 per pound.
Direct labor. Each unit requires 2.80 hours of labor.
Setup, cleanup, and downtime average 0.10 hours per unit. The...
Do It! Review 25-1 Larkin Company accumulated the following standard cost data concerning product I-Tal Direct materials per unit: 2.52 pounds at $6.76 per pound Direct labor per unit: 6.02 hours at $10 per hour Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $11.00 per direct labor hour Compute the standard cost of one unit of product I-Tal. (Round answer to 2 decimal places, e.g. 2.75.) Standard cost
Question 9
Blossom Company accumulated the following standard cost data
concerning product I-Tal.
Direct materials per unit: 3.00 pounds at $4.50 per pound
Direct labor per unit: 8.60 hours at $15 per hour
Manufacturing overhead: Allocated based on direct labor hours
at a predetermined rate of $22.50 per direct labor hour
Compute the standard cost of one unit of product I-Tal.
(Round answer to 2 decimal places, e.g.
2.75.)
Standard cost
$
Direct Materials Variances Bellingham Company produces a product that requires 15 standard pounds per unit. The standard price is $8 per pound. If 5,600 units required 87,400 pounds, which were purchased at $8.24 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 b. Direct...
tem. In 2020, the company produced 27,900 units. Each unit took several pounds of direct materials ndard hourly rate of $13.00. Normal capacity was 49,700 direct labor hours. During the year, 1.30.300 pounds and 1.6 standard hours of direct labor at a purchased at $0.93 per pound. All materials purchased were used during the year What was the standard cost per unit of product? (Round answer to 2 decimal places, e-g. 2.75. $ Standard cost per unit If the 2.75.)...
Direct Materials Variances Bellingham Company produces a product that requires 6 standard pounds per unit. The standard price is $10 per pound. If 6,300 units required 36,300 pounds, which were purchased at $10.3 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 negative number using a minus sign and an unfavorable variance as a positive number. 10,890 Unfavorable a. Direct materials price variance b....
Flounder Company has gathered the following information about
its product.
Direct materials. Each unit of product contains 5.00
pounds of materials. The average waste and spoilage per unit
produced under normal conditions is 0.60 pounds. Materials cost $3
per pound, but Flounder always takes the 2.00% cash discount all of
its suppliers offer. Freight costs average $0.30 per pound.
Direct labor. Each unit requires 2.00 hours of labor.
Setup, cleanup, and downtime average 0.10 hours per unit. The
average hourly...
Problem 11-1A Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. $ 6.00 5.98 3.00 5.00 $19.98 Direct materials-1 pound plastic at $6 per pound Direct labor-0.50 hours at $11.95 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit The predetermined manufacturing overhead rate is $16 per direct labor hour ($8.00 ÷ 0.50). It was computed from a master manufacturing overhead budget based on normal production of 2,600 direct...
Exercise 23-3
Stefani Company has gathered the following information about its
product.
Direct materials: Each unit of product contains 3.40
pounds of materials. The average waste and spoilage per unit
produced under normal conditions is 0.10 pounds. Materials cost $2
per pound, but Stefani always takes the 5.00% cash discount all of
its suppliers offer. Freight costs average $0.45 per pound.
Direct labor. Each unit requires 2.80 hours of labor.
Setup, cleanup, and downtime average 0.10 hours per unit. The...
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