Materials Price Variance = (SP-AP)*AQ
= (2.50 - 2.40)* 11,000
= 1100 F
Materials Quantity Variance = (SQ-AQ) *SP
= (1100*5.70 - 9900)*2.50
= 9075 U
Exercise 10-7 Direct Materials Variances (LO10-1] Huron Company produces a commercial cleaning compound known as Zoom....
Exercise 10-7 Direct Materials Variances (LO10-1) Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below. Standard Quantity or Hours 5.20 pounds 0.40 hours Standard Price or Rate $3.00 per pound $5.00 per hour Standard Cost $15.60 $ 2.00 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Ten thousand pounds of material were purchased at a cost of...
3. Award: 20.00 points Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 5.70 pounds 0.50 hours Standard Price or Rate $2.50 per pound $7.50 per hour Standard Cost $14.25 $ 3.75 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Eleven thousand pounds of material were purchased at a cost of $2.40 per...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 6.00 pounds $ 2.30 per pound $ 13.80 Direct labor 0.50 hours $ 10.00 per hour $ 5.00 During the most recent month, the following activity was recorded: Eleven thousand pounds of material were purchased at a cost of $2.10 per pound. All...
Exercise 10-6 Direct Materials and Direct Labor Variances [LO10-1, LO10-2] Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 4.6 pounds $ 2.50 per pound $ 11.50 Direct labor 0.2 hours $ 12.00 per hour $ 2.40 During the most recent month, the following activity was recorded: a. Twenty thousand pounds of...
Exercise 10-6 Direct Materials and Direct Labor Variances (LO10-1, LO10-2] Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 6.00 pounds 0.50 hours Standard Price or Rate $ 2.30 per pound $10.00 per hour Standard Cost $13.80 $ 5.00 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 11,000.00 pounds of material were purchased...
Exercise 10-6 Direct Materials and Direct Labor Variances (LO10-1, LO10-2) Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 7.10 pounds 0.20 hours Standard Price or Rate $ 1.80 per pound $12.00 per hour Standard Cost $12.78 $ 2.40 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 19,250.00 pounds of material were purchased...
Exercise 10-6 Direct Materials and Direct Labor Variances (LO10-1, LO10-2] Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 7.90 pounds 0.50 hours Standard Price or Rate $2.10 per pound $5.00 per hour Standard Cost $16.59 $ 2.50 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 14,850.00 pounds of material were purchased at...
Exercise 10-6 Direct Materials and Direct Labor Variances (LO10-1, LO10-2) Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 7.10 pounds 0.20 hours Standard Price or Rate $ 1.80 per pound $12.00 per hour Standard Cost $12.78 $ 2.40 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 19,250.00 pounds of material were purchased...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Price Standard Quantity or Hours Standard Cost or Rate E Direct materials Direct labor 6.1 pounds $2.50 per pound $15.25 0.5 hours $9.50 per hour $ 4.75 During the most recent month, the following activity was recorded: Eleven thousand eight hundred pounds of material were purchased at a cost of $2.40 E' per pound....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 5.90 pounds 0.50 hours Standard Price or Rate $2.50 per pound $8.50 per hour Standard Cost $14.75 $ 4.25 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Eleven thousand four hundred pounds of material were purchased at a cost of $2.40 per pound. b....