Homework Answers
| Material Price variance = Actual Quantity purchased* (Actual Price - Standard Price) |
| $5,250 = Actual Quantity * ($56.50 - $55) |
| $5,250 = Actual Quantity * $1.50 |
| Actual Quantity = $5,250 / $1.50 |
| Actual Quantity = 3,500 Units |
Answer is C. 3,500 Units
2.
| Flexible budget | $ 10,710 |
| Less: Actual overhead | $ 11,183 |
| controllable variance | 473 Unfavorable |
Answer is A. 473 Unfavorable
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Cavern Company's output for the current period results in a $5,250 unfavorable direct material price variance....
Cavern Company's output for the current period results in a $6,300 unfavorable direct material price variance....
Cavern Company's output for the current period results in a $6,300 unfavorable direct material price variance. The actual price per pound is $55.20 and the standard price per pound is $52.80. How many pounds of material are used in the current period? Multiple Choice Ο Ο Ο Ο Ο
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Cavern Company's output for the current period results in a $6,300 unfavorable direct material price variance. The actual price per pound is $55.20 and the standard price per pound is $52.80. How many pounds of material are used in the current period? Multiple Choice Ο Ο Ο Ο Ο
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During June, Fraser Company's material purchases amounted to 4,600 pounds at a price of $10.00 per pound. Actual costs incurred in the production of 1,000 units were as follows: Direct labor: Direct material: $ 81,270 ($18.9 per hour) $28,200 ($10.00 per pound) The standards for one unit of Fraser Company's product are as follows: Direct labor: Quantity, 2.7 hours per unit Rate, $18.7 per hour Direct material: Quantity, 2.1 pounds per unit Price, $9.50 per pound Required: Compute the following...
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