Direct material efficiency variance = (Standard qty-actual qty)Standard price
= (19000*4-100000)*1
Direct material efficiency variance = 24000 U
So answer is c) $24000 U
15) Melissa Antiques Company has collected the following data for one of its products: Direct materials...
Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (2 lbs @ $1/lb) $2 per finished unit Total direct materials cost variance—unfavorable $20,750 Actual direct materials used 72,000 lbs. Actual finished units produced 24,000 units Multiple Choice $24,000 unfavorable. $20,750 unfavorable. $3,250 favorable. $20,750 favorable. $24,000 favorable.
How much is the direct materials quantity
variance?
Oliver Enterprises has collected the following data for one of its products: Direct materials standard (8 pounds per unit @ $0.60/lb.) Direct materials flexible budget variance - unfavorable Actual Direct Materials Used (AQU) Actual finished goods produced $4.80 per finished good $8,000 35,000 pounds 26,000 units O A. $21,000 unfavorable O B. $124,800 unfavorable OC. $103,800 favorable OD. $124,800 favorable
Georgia, Inc. has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials standard (3 lbs @ $2/lb) $6 per finished unit Total direct materials cost variance—unfavorable $14,250 Actual direct materials used 100,000 lbs. Actual finished units produced 25,000 units $135,750. $150,000. $100,000. $164,250. $182,000.
Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (2 lbs @ $1/lb) $ 2 per finished unit Total direct materials cost variance—unfavorable $ 17,750 Actual direct materials used 60,000 lbs Actual finished units produced 20,000 units $17,750 unfavorable. $20,000 favorable. $17,750 favorable. $20,000 unfavorable. $2,250 favorable.
Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity variance. Direct materials standard (6 lbs. @ $2/lb.) $12 per finished unit Actual direct materials used 206,700 lbs. Actual finished units produced 34,000 units Actual cost of direct materials used $411,030 $2,370 unfavorable. $3,030 unfavorable. $2,370 favorable. $5,400 unfavorable $3030 favorable
Consider the following data collected for Country Homes, Inc.: Direct Direct Materials Manufacturing Labor $ 204,000 Costs incurred: Actual inputs x actual prices $ 93,000 207,000 Actual inputs x standard prices 87,000 Standard inputs allowed for actual output x standard prices 217,000 82,000 Requirement 1. Compute the price, efficiency, and flexible-budget variances for direct materials and direct manufacturing labor. Begin by computing the price, efficiency, and flexible-budget variances for direct materials. (Label each variance as favorable (F) or unfavorable (U).)...
Oliver Enterprises has collected the following data for one of its products: Direct materials standard (8 pounds per unit @ $0.5ОЛЬ.) Direct materials flexible budget variance-unfavorable Actual Direct Materials Used (AQU) Actual finished goods produced $4.00 per finished good $14,000 31,000 pounds 20,000 units How much is the direct materials quantity variance? O A. $80,000 favorable O B. $80,000 unfavorable O C. $15,500 unfavorable O D. $64,500 favorable Redwood Corporation is considering two alternative investment proposals with the following data:...
Tercer reports the following for one of its products. Direct materials standard (4 lbs. @ $3 per lb.) Actual direct materials used (AQ) Actual finished units produced Actual cost of direct materials used $ 12 per finished unit 350,000 lbs. 70,000 units $910,000 AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Compute the direct materials price and quantity variances and classify each as favorable or unfavorable Actual Cost Standard Cost $ 0...
Georgia, Inc. has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials standard (5 lbs @ $1/lb) $ 5 per finished unit Total direct materials cost variance—unfavorable $ 15,750 Actual direct materials used 150,000 lbs Actual finished units produced 25,000 units $125,000. $109,250. $194,500. $150,000. $140,750.
Georgia, Inc. has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials standard (2 lbs @ $3/lb) $6 per finished unit Total direct materials cost variance—unfavorable $25,250 Actual direct materials used 75,000 lbs. Actual finished units produced 25,000 units Multiple Choice $200,750. $75,000. $175,250. $124,750. $150,000.