-
The standard cost of Product B manufactured by Pharrell Company
includes 2.7 units of direct materials at $6.20 per unit. During
June, 26,700 units of direct materials are purchased at a cost of
$6.05 per unit, and 26,700 units of direct materials are used to
produce 9,800 units of Product B.
(a)
Compute the total materials variance and the price and quantity
variances.
Total materials variance
$enter a dollar amount
select an option Neither favorable
nor unfavorableUnfavorableFavorable
Materials price variance...
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The standard cost of Product B manufactured by Pharrell Company
includes 2.6 units of direct materials at $5.5 per unit. During
June, 27,200 units of direct materials are purchased at a cost of
$5.45 per unit, and 27,200 units of direct materials are used to
produce 10,400 units of Product B.
(a)
Compute the total materials variance and the price and quantity
variances.
Total materials variance
$enter a dollar amount
select a type of the variance
Neither favorable nor unfavorableUnfavorableFavorable...
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Exercise 15-5 The standard cost of Product B manufactured by Flint Company includes 3.90 units of direct materials at $5.60 per unit. During June, 26,700 units of direct materials are purchased at a cost of $5.45 per unit, and 26,700 units of direct materials are used to produce 6,800 units of Product B. Compute the total materials variance and the price and quantity variances. Total materials variance Materials price variance Materials quantity variance Compute the total materials variance and the...
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Exercise 11-8 a
The following direct materials and direct labor data pertain to the
operations of Laurel Company for the month of August.
Costs
Actual labor rate
$16
per hour
Actual materials price
$110
per ton
Standard labor rate
$15.50
per hour
Standard materials price
$112
per ton
Quantities
Actual hours incurred and used
4,500 hours
Actual quantity of materials purchased and used
1,100 tons
Standard hours used
4,540 hours
Standard quantity of materials used
1,085 tons
(a)
Compute the...
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Rogen Corporation manufactures a single product. The standard
cost per unit of product is shown below.
Direct materials—1 pound plastic at $6.00 per pound
$ 6.00
Direct labor—2.0 hours at $11.85 per hour
23.70
Variable manufacturing overhead
12.00
Fixed manufacturing overhead
12.00
Total standard cost per unit
$53.70
The predetermined manufacturing overhead rate is $12.00 per direct
labor hour ($24.00 ÷ 2.0). It was computed from a master
manufacturing overhead budget based on normal production of 11,800
direct labor hours...
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Lewis Company’s standard labor cost of producing one unit of
Product DD is 3.8 hours at the rate of $10.3 per hour. During
August, 40,200 hours of labor are incurred at a cost of $10.50 per
hour to produce 10,500 units of Product DD.
(a)
Compute the total labor variance.
Total labor variance
$enter a dollar amount of the total
labor variance
select a type of the total variance
UnfavorableFavorableNeither favorable nor unfavorable
(b)
Compute the labor price and quantity...
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The following direct materials and direct labor data pertain to
the operations of Laurel Company for the month of August.
Costs
Actual labor rate
$15
per hour
Actual materials price
$180
per ton
Standard labor rate
$14.50
per hour
Standard materials price
$182
per ton
Quantities
Actual hours incurred and used
4,700 hours
Actual quantity of materials purchased and used
1,900 tons
Standard hours used
4,760 hours
Standard quantity of materials used
1,890 tons
(a)
Compute the total, price, and...
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Rogen Corporation manufactures a single product. The standard
cost per unit of product is shown below.
Direct materials—1 pound plastic at $6 per pound
$ 6.00
Direct labor—0.50 hours at $11.75 per hour
5.88
Variable manufacturing overhead
3.50
Fixed manufacturing overhead
1.50
Total standard cost per unit
$16.88
The predetermined manufacturing overhead rate is $10 per direct
labor hour ($5.00 ÷ 0.50). It was computed from a master
manufacturing overhead budget based on normal production of 2,950
direct labor hours...
-
Rogen Corporation manufactures a single product. The standard
cost per unit of product is shown below.
Direct materials—1 pound plastic at $6 per pound
$ 6.00
Direct labor—1.50 hours at $12.20 per hour
18.30
Variable manufacturing overhead
9.00
Fixed manufacturing overhead
15.00
Total standard cost per unit
$48.30
The predetermined manufacturing overhead rate is $16 per direct
labor hour ($24.00 ÷ 1.50). It was computed from a master
manufacturing overhead budget based on normal production of 8,700
direct labor hours...
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The standard cost of Product B manufactured by Pharrell Company includes 2.6 units of direct materials at $6.00 per unit. During June, 26,700 units of direct materials are purchased at a cost of $5.90 per unit, and 26,700 units of direct materials are used to produce 10,100 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance 30 Favorable A Materials price variance 2670 A Favorable Materials quantity variance Unfavorable (b)...
Exercise 15-5 The standard cost of Product B manufactured by Flint Company includes 3.90 units of direct materials at $5.60 per unit. During June, 26,700 units of direct materials are purchased at a cost of $5.45 per unit, and 26,700 units of direct materials are used to produce 6,800 units of Product B. Compute the total materials variance and the price and quantity variances. Total materials variance Materials price variance Materials quantity variance Compute the total materials variance and the...
Exercise 11-8 a
The following direct materials and direct labor data pertain to the
operations of Laurel Company for the month of August.
Costs
Actual labor rate
$16
per hour
Actual materials price
$110
per ton
Standard labor rate
$15.50
per hour
Standard materials price
$112
per ton
Quantities
Actual hours incurred and used
4,500 hours
Actual quantity of materials purchased and used
1,100 tons
Standard hours used
4,540 hours
Standard quantity of materials used
1,085 tons
(a)
Compute the...
Rogen Corporation manufactures a single product. The standard
cost per unit of product is shown below.
Direct materials—1 pound plastic at $6.00 per pound
$ 6.00
Direct labor—2.0 hours at $11.85 per hour
23.70
Variable manufacturing overhead
12.00
Fixed manufacturing overhead
12.00
Total standard cost per unit
$53.70
The predetermined manufacturing overhead rate is $12.00 per direct
labor hour ($24.00 ÷ 2.0). It was computed from a master
manufacturing overhead budget based on normal production of 11,800
direct labor hours...
Rogen Corporation manufactures a single product. The standard
cost per unit of product is shown below.
Direct materials—1 pound plastic at $6 per pound
$ 6.00
Direct labor—0.50 hours at $11.75 per hour
5.88
Variable manufacturing overhead
3.50
Fixed manufacturing overhead
1.50
Total standard cost per unit
$16.88
The predetermined manufacturing overhead rate is $10 per direct
labor hour ($5.00 ÷ 0.50). It was computed from a master
manufacturing overhead budget based on normal production of 2,950
direct labor hours...
Rogen Corporation manufactures a single product. The standard
cost per unit of product is shown below.
Direct materials—1 pound plastic at $6 per pound
$ 6.00
Direct labor—1.50 hours at $12.20 per hour
18.30
Variable manufacturing overhead
9.00
Fixed manufacturing overhead
15.00
Total standard cost per unit
$48.30
The predetermined manufacturing overhead rate is $16 per direct
labor hour ($24.00 ÷ 1.50). It was computed from a master
manufacturing overhead budget based on normal production of 8,700
direct labor hours...
The standard cost of Product B manufactured by Pharrell Company includes 2.6 units of direct materials at $6.00 per unit. During June, 26,700 units of direct materials are purchased at a cost of $5.90 per unit, and 26,700 units of direct materials are used to produce 10,100 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance 30 Favorable A Materials price variance 2670 A Favorable Materials quantity variance Unfavorable (b)...