Question

The purchased and used 120.000 per orlomberie materials atau of S1,586,700. Original p action had been bueled for 27.000 d with a standard direct material any of 5.7 fe e d product and $12.60 per The direct materials price variance is # $45,360 unfavorable 38,700 unfavorable S38,700 favorable d. 845,360 favorable 7. Refer to the data in question 6 above. The Total Direct Materials Cost Variance is: *. $6,660 unfavorable b. S45,360 unfavorable c. $45,360 favorable d. 38,700 favorable 8. A company records their direct material usage at standard cost but also records direct materials quantity variances in its accounting system. The company recorded 8,000 standard liters of direct materials costing $160,000 at standard cost. The actual quantity used was 8,200 liters costing $164,000. Which of the following would be included in the journal entry to record direct materials cost? a. $4,000 Debit to Direct Materials Quantity Variance b. $8,200 Debit to Direct Materials Quantity Variance c. $164,000 Credit to Work in Process Inventory d. S160,000 Credit to Work in Process Inventory 9. On January 1, Kaufman Company has a beginning cash balance of $126,000. During the year, the company expects cash payments of $1,020,000, If Kaufman has an ending cash balance of $120,000, how much were Kaufman's cash receipts? a. $1,146,000 b. S1,814,000. c. $1,014,000. d. $894,000. 10. Seaside.com has 855 beach chairs in inventory on June 1. It plans to sell 5,700 chairs in June, and it wants 900 chairs in June's ending inventory. How many beach chairs should Seaside produce during June? a. 5,655 b. 6,600 c. 5,745 d. 5,700