Homework Answers
19) Material purchase price variance = (Standard price-actual price)actual quantity
15000 = (2*X-150000)
-2X = -165000
X(actual quantity) = 82500
Material quantity variance = (Standard qty-actual qty)Standard price
= (80000-82500)*2
Material quantity variance = 5000 U
So answer is b) $5000 Unfavorable
20) Equivalent unit of conversion Cost = Unit completed and transferred out+(Ending WIP*Percent completion)
47500 = X+(13000*75%)
X = 37750
Unit started = 37750-15000+13000 = 35750
So answer is c) $35750
Add Answer to:
19 At the beginning of October, the following was deter determined for a particular product: 10.0...
19 At the beginning of October, the following was determined for a particular product Standard unity...
19 At the beginning of October, the following was determined for a particular product Standard unity of material per unit produced Standard Price of material Budgeted Units to be produced The following data pertain to operations concerning the product for October Actual Cost of materials purchased $ 150,000 Beginning Materials aventory Ending Materials Inventory 2.000 6 Actual Units Produced 8.000 units Materials Purchase Price Variance 15.000 Favorable What was the Materials Ouantity Variance for October? $4,000 Unfavorable $5.000 Unfavorable $15,000...
PART 1 SUBJECTIVE SCORE INSTRUCTOR USE ONLY 100000-700 504302010 19 At the beginning of October, the...
PART 1 SUBJECTIVE SCORE INSTRUCTOR USE ONLY 100000-700 504302010 19 At the beginning of October, the following was determined for a particular product Standard Quantity of material per unit produced 10.0 lbs. Standard Price of material $ 2.00 per lb. Budgeted Units to be produced 6,000 units The following data pertain to operations concerning the product for October: Actual Cost of materials purchased $ 150,000 Beginning Materials Inventory 1,500 lbs. Ending Materials Inventory 2,000 lbs. Actual Units Produced 8,000 units...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 1.30 per lb. $ 6.50 per hour $ 1.10 per lb. 870,000 lbs. 15,000 1,015,000 lbs. 7,000 900,000 lbs. $4,500 F Required: 1. Calculate the total...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 1.90 per lb. $7.10 per hour $ 1.70 per lb. 930,000 lbs. 15,000 1,075,000 lbs. 8,000 960,000 lbs. $5,100 F Required: 1. Calculate the total cost...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 1.30 per lb. $ 6.50 per hour $ 1.10 per lb. 870,000 lbs. 15,000 1,015,000 lbs. 7,000 900,000 lbs. $4,500 F Required: 1. Calculate the total...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: $ 2.10 per lb $7.30 pe...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: $ 2.10 per lb $7.30 per hour $1.90 per lb. 950,000 lbs. 15,000 1,095,000 lbs 10,000 980.000 lbs. $5,300 F Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance Required: 1. Calculate the total cost of...
please let me know if the additional info was helpful In-process beginning inventory In-process ending inventory...
please let me know if the additional info was
helpful
In-process beginning inventory In-process ending inventory Units completed Budgeted output Purchases of materials Total actual direct labor costs Actual direct labor hours Materials usage variance Total materials variance None 700 units, 70% complete as to direct labor 6,200 units 6,6ee units 56,000 kilograms $ 668,000 39,200 hours 2,100 Unfavorable 700 Unfavorable Required: 1. Compute for November: a. The direct labor efficiency variance. Is this variance favorable (F) or unfavorable (U)?...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 2.60 per lb. $ 7.80 per hour $ 2.40 per lb. 1,000,000 lbs. 17,000 1,175,000 lbs. 13,000 1,030,000 lbs. $5,800 F Required: 1. Calculate the total cost...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price $2.00 per lb. $7.20 per hour $1.80 per lb. 940,000 lbs 15,000 1,085,000 lbs 9,000 970,000 lbs $5,200 F Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance Required: 1. Calculate the total cost of purchases...
Amber Company produces iron table and chair sets. During October, Amber’s costs were as follows: Amber...
Amber Company produces iron table and chair sets. During
October, Amber’s costs were as follows:
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: $2.20 per Ib. $7.40 per hour $2.00 per lb. 960,000 ibs 10,000 1,105,000 lbs. 9,000 990,000 lbs $5,400 F Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity...
19 At the beginning of October, the following was determined for a particular product Standard unity of material per unit produced Standard Price of material Budgeted Units to be produced The following data pertain to operations concerning the product for October Actual Cost of materials purchased $ 150,000 Beginning Materials aventory Ending Materials Inventory 2.000 6 Actual Units Produced 8.000 units Materials Purchase Price Variance 15.000 Favorable What was the Materials Ouantity Variance for October? $4,000 Unfavorable $5.000 Unfavorable $15,000...
PART 1 SUBJECTIVE SCORE INSTRUCTOR USE ONLY 100000-700 504302010 19 At the beginning of October, the following was determined for a particular product Standard Quantity of material per unit produced 10.0 lbs. Standard Price of material $ 2.00 per lb. Budgeted Units to be produced 6,000 units The following data pertain to operations concerning the product for October: Actual Cost of materials purchased $ 150,000 Beginning Materials Inventory 1,500 lbs. Ending Materials Inventory 2,000 lbs. Actual Units Produced 8,000 units...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 1.30 per lb. $ 6.50 per hour $ 1.10 per lb. 870,000 lbs. 15,000 1,015,000 lbs. 7,000 900,000 lbs. $4,500 F Required: 1. Calculate the total...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 1.90 per lb. $7.10 per hour $ 1.70 per lb. 930,000 lbs. 15,000 1,075,000 lbs. 8,000 960,000 lbs. $5,100 F Required: 1. Calculate the total cost...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 1.30 per lb. $ 6.50 per hour $ 1.10 per lb. 870,000 lbs. 15,000 1,015,000 lbs. 7,000 900,000 lbs. $4,500 F Required: 1. Calculate the total...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: $ 2.10 per lb $7.30 per hour $1.90 per lb. 950,000 lbs. 15,000 1,095,000 lbs 10,000 980.000 lbs. $5,300 F Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance Required: 1. Calculate the total cost of...
please let me know if the additional info was
helpful
In-process beginning inventory In-process ending inventory Units completed Budgeted output Purchases of materials Total actual direct labor costs Actual direct labor hours Materials usage variance Total materials variance None 700 units, 70% complete as to direct labor 6,200 units 6,6ee units 56,000 kilograms $ 668,000 39,200 hours 2,100 Unfavorable 700 Unfavorable Required: 1. Compute for November: a. The direct labor efficiency variance. Is this variance favorable (F) or unfavorable (U)?...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 2.60 per lb. $ 7.80 per hour $ 2.40 per lb. 1,000,000 lbs. 17,000 1,175,000 lbs. 13,000 1,030,000 lbs. $5,800 F Required: 1. Calculate the total cost...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price $2.00 per lb. $7.20 per hour $1.80 per lb. 940,000 lbs 15,000 1,085,000 lbs 9,000 970,000 lbs $5,200 F Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance Required: 1. Calculate the total cost of purchases...
Amber Company produces iron table and chair sets. During
October, Amber’s costs were as follows:
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: $2.20 per Ib. $7.40 per hour $2.00 per lb. 960,000 ibs 10,000 1,105,000 lbs. 9,000 990,000 lbs $5,400 F Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity...
Most questions answered within 3 hours.
-
To test Upper H 0 : sigma =2.3 versus Upper H 1 : sigma greater
than...
asked 30 minutes ago -
explain using physics theory either one
Why should you not put foil in the microwave? or...
asked 47 minutes ago -
You have purchased a $1,000,000 million Face or Par Value 5-year
T-note. This 5-year T-note pays...
asked 45 minutes ago -
Describe what “scope creep” is and how can it be avoided? Who is
typically the person...
asked 35 minutes ago -
Any permanent decrease in autonomous real spending will cause
even larger decreases in real GDP per...
asked 36 minutes ago -
A large distributor has 8 retail outlets. Currently each outlet
manages its ordering independently. Demand at...
asked 47 minutes ago -
Two objects repel/attract each other. What can one say about their
charges?
asked 44 minutes ago -
9 A website that facilitates transactions by bringing together
buyers and sellers from all over the...
asked 49 minutes ago -
Write a command line to view the long listing of all files,
including hidden files, with...
asked 1 hour ago -
What kind of experiment would allow you to test that the
posterior cytoplasm can cause the...
asked 1 hour ago -
Code in C++ please!
Write a function that takes an array of integers as an input...
asked 1 hour ago -
Predict the reactions, if any, when the
following hydrogen compounds are added to water, and
explain...
asked 1 hour ago