Homework Answers
Materials Quantity variance = SQ * (SP - AP)
SQ = Standard Quantity for actual output = 2000 * 1.50 = 3,000 pounds
Standard Price = SP = $6
AQ = Actual Quantity = 3,100 units
Actual Price = AP = $18,135 / 3,100
AP = $5.85
Materials Quantity variance = $6 * (3000 - 3,100)
Materials Quantity variance = $6 * (-100)
Materials Quantity variance = - $600
or) Materials Quantity variance = $600 Unfavorable
or $600 U
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32. Patton has a standard of 1.5 pounds of materials per unit, at $6 per pound....
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Question 1o Waterway has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 3400 units, Waterway purchased and used 5300 pounds of materials at a total cost of $31005. Waterway's total material variance is $405 U O $795 U O $1200 u $900 F
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Need help on large speed bump. How to calculate standard pounds
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Last month, Banner Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. (Click the icon to view the table.) Complete the following table (Round your answers to two decimal places.) Large speed bump Data Table $ Medium speed bump Large speed bump 13 Direct materials information Standard pounds per unit Standard price per...
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Find the question marks Medium speed bump 17 $ 1.00 Direct materials information Standard pounds per...
Find the question marks
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Direct Materials Variances Bellingham Company produces a product that requires 11 standard pounds per unit. The standard price is $6 per pound. If 2,000 units required 21,100 pounds, which were purchased at $6.18 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance Unfavorable X...
Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price is...
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Need help on large speed bump. How to calculate standard pounds
per unit and direct materials quantity variance?
Last month, Banner Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control. (Click the icon to view the table.) Complete the following table (Round your answers to two decimal places.) Large speed bump Data Table $ Medium speed bump Large speed bump 13 Direct materials information Standard pounds per unit Standard price per...
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Find the question marks
Medium speed bump 17 $ 1.00 Direct materials information Standard pounds per unit.................. Standard price per pound ............ Actual quantity purchased and used per unit... Actual price paid for material per pound....... Direct materials price variance. Direct materials quantity variance. ........... Total direct material variance Number of units produced......... Large speed bump ? $ 1.30 17 1.80 $ 3,400 U $ 1.50 $ 1,500 u $ 400 F $ 1,840 U 400
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