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6. In producing 12,400 units of product last period, Fern LTD. used 53,940 pounds of B,...
6. In producing 12,400 units of product last period, Fern LTD. used 53,940 pounds of B, costing $210,366. The company has established the standard of using 4.5 po Material B per unit of product, at a price of $4.00 per pound. Calculate the price, quantity, and total materials variances and indicate if they are favorable or unfavorable. Variance amount For U Price variance Quantity variance Total materials variance bolon benen nu amit avo 7. Goat Products has the following information...
Whispering Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct ma...
Whispering Corporation manufactures a single product. The
standard cost per unit of product is shown below.
Direct materials—1 pound plastic at $7.00 per pound
$ 7.00
Direct labor—2.5 hours at $11.80 per hour
29.50
Variable manufacturing overhead
17.50
Fixed manufacturing overhead
17.50
Total standard cost per unit
$71.50
The predetermined manufacturing overhead rate is $14.00 per direct
labor hour ($35.00 ÷ 2.5). It was computed from a master
manufacturing overhead budget based on normal production of 13,250
direct labor hours...
**Please use numbers given** Please answer the blank boxes in (a) and (b) - thank you!!...
**Please use numbers given** Please answer the blank boxes in
(a) and (b) - thank you!! :)
Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (800 pounds) has the following standards: Whole tomatoes Vinegar Corn syrup Standard Quantity 1,300 lbs. 70 gal. 6 gal. Standard Price $0.36 per Ib. $ 2.20 per gal. $ 8.00 per gal. $ 2.00 per Ib. Salt 28 lbs. The actual materials...
Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materia...
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...
PrOblem -A Your answer is partially correct. Try again Rogen Corporation manufactures a single product. The...
PrOblem -A Your answer is partially correct. Try again 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 Direct labor-0.50 hours at $12.35 per hour Variable manufacturing overhead Fixed manufacturing overhead 6.00 6.18 3.25 3.75 $19.18 Total standard cost per unit The predetermined manufacturing overhead rate is $14 per direct labor hour ($7.00 ÷ 0.50). It was computed from a master manufacturing overhead budget based...
Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below....
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...
Question 9 Sheridan Corporation manufactures a single product. The standard cost per unit of product is shown below....
Question 9
Sheridan Corporation manufactures a single product. The standard
cost per unit of product is shown below.
Direct materials—1 pound plastic at $7.00 per pound
$ 7.00
Direct labor—1.5 hours at $11.10 per hour
16.65
Variable manufacturing overhead
9.00
Fixed manufacturing overhead
9.00
Total standard cost per unit
$41.65
The predetermined manufacturing overhead rate is $12.00 per direct
labor hour ($18.00 ÷ 1.5). It was computed from a master
manufacturing overhead budget based on normal production of 9,000
direct...
Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below....
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...
Identify if favorable, unfavorable or neither for all of them. Levine Inc., which produces a single...
Identify if favorable, unfavorable or neither for all of
them.
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. $15.00 $65.00 Direct materials (10 pounds at $1.50 per pound) Direct labor (5 hours at $13.00 per hour) During the month of April, the company manufactures 180 units and incurs the following actual costs. Direct materials purchased and used (2,500 pounds) $4,250 $11,904 Direct labor (930 hours) Compute the total,...
--/1 Question 14 View Policies Current Attempt in Progress Rogen Corporation manufactures a single product. The...
--/1 Question 14 View Policies Current Attempt in Progress Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials - 1 pound plastic at $8.00 per pound Direct labor-1.5 hours at $11.90 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit $8.00 17.85 9.75 11.25 $46.85 The predetermined manufacturing overhead rate is $14.00 per direct labor hour ($21.00 = 1.5). It was computed from a master manufacturing overhead...
6. In producing 12,400 units of product last period, Fern LTD. used 53,940 pounds of B, costing $210,366. The company has established the standard of using 4.5 po Material B per unit of product, at a price of $4.00 per pound. Calculate the price, quantity, and total materials variances and indicate if they are favorable or unfavorable. Variance amount For U Price variance Quantity variance Total materials variance bolon benen nu amit avo 7. Goat Products has the following information...
Whispering Corporation manufactures a single product. The
standard cost per unit of product is shown below.
Direct materials—1 pound plastic at $7.00 per pound
$ 7.00
Direct labor—2.5 hours at $11.80 per hour
29.50
Variable manufacturing overhead
17.50
Fixed manufacturing overhead
17.50
Total standard cost per unit
$71.50
The predetermined manufacturing overhead rate is $14.00 per direct
labor hour ($35.00 ÷ 2.5). It was computed from a master
manufacturing overhead budget based on normal production of 13,250
direct labor hours...
**Please use numbers given** Please answer the blank boxes in
(a) and (b) - thank you!! :)
Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (800 pounds) has the following standards: Whole tomatoes Vinegar Corn syrup Standard Quantity 1,300 lbs. 70 gal. 6 gal. Standard Price $0.36 per Ib. $ 2.20 per gal. $ 8.00 per gal. $ 2.00 per Ib. Salt 28 lbs. The actual materials...
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...
PrOblem -A Your answer is partially correct. Try again 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 Direct labor-0.50 hours at $12.35 per hour Variable manufacturing overhead Fixed manufacturing overhead 6.00 6.18 3.25 3.75 $19.18 Total standard cost per unit The predetermined manufacturing overhead rate is $14 per direct labor hour ($7.00 ÷ 0.50). It was computed from a master manufacturing overhead budget based...
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...
Question 9
Sheridan Corporation manufactures a single product. The standard
cost per unit of product is shown below.
Direct materials—1 pound plastic at $7.00 per pound
$ 7.00
Direct labor—1.5 hours at $11.10 per hour
16.65
Variable manufacturing overhead
9.00
Fixed manufacturing overhead
9.00
Total standard cost per unit
$41.65
The predetermined manufacturing overhead rate is $12.00 per direct
labor hour ($18.00 ÷ 1.5). It was computed from a master
manufacturing overhead budget based on normal production of 9,000
direct...
Identify if favorable, unfavorable or neither for all of
them.
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. $15.00 $65.00 Direct materials (10 pounds at $1.50 per pound) Direct labor (5 hours at $13.00 per hour) During the month of April, the company manufactures 180 units and incurs the following actual costs. Direct materials purchased and used (2,500 pounds) $4,250 $11,904 Direct labor (930 hours) Compute the total,...
--/1 Question 14 View Policies Current Attempt in Progress Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials - 1 pound plastic at $8.00 per pound Direct labor-1.5 hours at $11.90 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit $8.00 17.85 9.75 11.25 $46.85 The predetermined manufacturing overhead rate is $14.00 per direct labor hour ($21.00 = 1.5). It was computed from a master manufacturing overhead...
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