A company provided the following direct materials cost information. Compute the total direct materials cost variance....
A company provided the following direct materials cost
information. Compute the total direct materials cost
variance.
| Standard costs assigned: | |||
| Direct materials standard cost (406,000 units @ $3.00 / unit) | $ | 1,218,000 | |
| Actual costs: | |||
| Direct materials costs incurred (404,750 units @ $3.20 / unit) | $ | 1,295,200 | |
Homework Answers
|
Total materials cost variance = Actual cost - Standard cost = 1,295,200 - 1,218,000 = 77,200 Unfavorable |
|
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A company provided the following direct materials cost
information. Compute the total direct materials cost
variance....
) A company provided the following direct materials cost information. Compute the total direct materials cost variance....
) A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard costs assigned: Direct materials standard cost (205,000 units @ $1.00/unit) $ 405,000 Actual costs: Direct Materials costs incurred (203,750 units @ $1.10/unit) $ 444,125 Enter your answer here: (Tip: be familiar with whether your numeric answer is either favorable or unfavorable) 4) A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials...
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard...
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (419,000 units @ $3.00/unit) $ 1,257,000 Actual costs: Direct Materials costs incurred (416,000 units @ $3.20/unit) $ 1,331,200 Multiple Choice $1,257,000 Favorable. $1,257,000 Unfavorable. $83,200 Unfavorable. $83,200 Favorable. $83,800 Favorable.
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard...
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A company provided the following direct materials cost information. Compute the total direct materials cost variance....
A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard costs assigned: Direct materials standard cost (419,000 units @ $4.00 / unit) $ 1,676,000 Actual costs: Direct Materials costs incurred (417,750 units @ $4.20 / unit) $ 1,754,550 Multiple Choice $78,550 Unfavorable. $78,550 Favorable. $5,000 Favorable. $83,550 Unfavorable. $83,550 Favorable.
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard...
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (410,000 units @ $3.90/unit) $ 1,599,000 Actual costs: Direct Materials costs incurred (409,250 units @ $4.00/unit) $ 1,637,000 $1,599,000 Favorable. $1,599,000 Unfavorable. $40,925 Unfavorable. $40,925 Favorable. $41,000 Favorable.
A company provided the following direct materials cost information. Compute the direct materials price variance. $1,526,400...
A company provided the following direct materials cost information. Compute the direct materials price variance. $1,526,400 Standard costs assigned: Direct materials standard cost (424,000 units @ $3.60/unit) Actual costs: Direct materials costs incurred (421,500 units @ $3.70/unit) $1,559,550 Ο $1,526,400 Favorable. Ο $1,526,400 Unfovorable. Ο Ο $42.150 Unfavorable. Ο SA2,150 Favorable, Ο $42,400 Favorable.
MC Qu. 48 A company provided the following... A company provided the following direct materials cost...
MC Qu. 48 A company provided the following... A company provided the following direct materials cost information. Compute the direct materials quantity variance. $2.00/unit) $810,000 Standard costs assigned: Direct materials standard cost (405,000 units Actual costs: Direct Materials costs incurred (403,750 units $2.20/unit) $888,250 Multiple Choice $78,250 Favorable O O $2,750 Unfavorable O O $2750 Favorable O O $2.500 Favorable O
QUESTION 21 A company provided the following direct materials cost information. Compute the direct materials price...
QUESTION 21 A company provided the following direct materials cost information. Compute the direct materials price variance Standard coste an pireet naterials d cest res,000 nite 2.00/ Actual costan Direct Materials costs incurred (403, 750 uit 2.20/itu O $81,000 Favorable. $81,000 Unfavorable. $80,750 Unfavorable. $80,750 Favorable. O $78,250 Favorable. QUESTION 22 A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at...
2. Compute the direct labor cost variance, including its rate and efficiency variances. Standard Cost Actual...
2. Compute the direct labor cost variance, including its rate and efficiency variances. Standard Cost Actual Cost $ $ 0 0 0 0 3. Compute the overhead controllable and volume variances. Controllable Variance Actual overhead Budgeted overhead Controllable variance Fixed overhead volume variance Budgeted fixed overhead Fixed overhead cost applied Fixed overhead volume variance Check my work 1 ! Required information 12.5 [The following information applies to the questions displayed below.] points Trico Company set the following standard unit costs...
The following company information is available. The direct materials quantity variance is: Direct materials used for...
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A company provided the following direct materials cost information. Compute the direct materials price variance. $1,526,400 Standard costs assigned: Direct materials standard cost (424,000 units @ $3.60/unit) Actual costs: Direct materials costs incurred (421,500 units @ $3.70/unit) $1,559,550 Ο $1,526,400 Favorable. Ο $1,526,400 Unfovorable. Ο Ο $42.150 Unfavorable. Ο SA2,150 Favorable, Ο $42,400 Favorable.
MC Qu. 48 A company provided the following... A company provided the following direct materials cost information. Compute the direct materials quantity variance. $2.00/unit) $810,000 Standard costs assigned: Direct materials standard cost (405,000 units Actual costs: Direct Materials costs incurred (403,750 units $2.20/unit) $888,250 Multiple Choice $78,250 Favorable O O $2,750 Unfavorable O O $2750 Favorable O O $2.500 Favorable O
QUESTION 21 A company provided the following direct materials cost information. Compute the direct materials price variance Standard coste an pireet naterials d cest res,000 nite 2.00/ Actual costan Direct Materials costs incurred (403, 750 uit 2.20/itu O $81,000 Favorable. $81,000 Unfavorable. $80,750 Unfavorable. $80,750 Favorable. O $78,250 Favorable. QUESTION 22 A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at...
2. Compute the direct labor cost variance, including its rate and efficiency variances. Standard Cost Actual Cost $ $ 0 0 0 0 3. Compute the overhead controllable and volume variances. Controllable Variance Actual overhead Budgeted overhead Controllable variance Fixed overhead volume variance Budgeted fixed overhead Fixed overhead cost applied Fixed overhead volume variance Check my work 1 ! Required information 12.5 [The following information applies to the questions displayed below.] points Trico Company set the following standard unit costs...
The following company information is available. The direct materials quantity variance is: Direct materials used for prodution Standard quantity for units produced Standard cost per gallon of direct material Actual cost per gallon of direct material 35,000 gallons 33,400 gallons $11.00 $11.20 Multiple Choice $17600 unfavorable. $17200 favorable $24,600 unfavorable Multiple Choice $17,600 unfavorable. $17.200 favorable. $24,600 unfavorable. $24,600 favorable. $17,200 unfavorable Use the following data to find the direct labor rate variance if the company produced 3,500 units during...
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