Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $27 per pound. During July, Exeter paid $137,000 for 4,990 pounds, which it used to produce 4,760 units. What is the direct materials price variance? (Do not round your intermediate calculations.)
$8,480 unfavorable
$1,370 favorable
$9,850 unfavorable
$2,270 unfavorable
Materials Price Variance = (SP-AP)*AQ = (27 - 137,000/4990)*4990 = (27 - 27.45) * 4990 = 2270 Unfavorable Option D is the answer |
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Exeter has a material standard of 1 pound per unit of output. Each pound has a...
Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $27 per pound. During July, Exeter paid $141,000 for 4,970 pounds, which they used to produce 4,760 units. What is the direct materials quantity variance? $5,910 favorable $6,810 unfavorable $8,270 unfavorable $5,670 unfavorable
21. Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $24 per pound. During Juty, Exeter pald $134,000 for 4,990 pounds, whlch It used to produce 4,780 unlts. What Is the dlrect materials price varlance? (Do not round your intermediate calculations.) $14.240 unfavorable $32.620 untevorable $13.340 tavorable
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