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Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The...
16- A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and w...
16- A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of $269,500. What is the direct labor rate variance? Multiple Choice $27,500 unfavorable. $22,000 favorable. $16,000 unfavorable. $16,000 favorable. $6,000 unfavorable. 20- Summerlin Company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. The company actually used 4,500 pounds that cost $5.10...
Oxford Co. has a materials standard of 21 pounds per unit of output. Each pound has...
Oxford Co. has a materials standard of 21 pounds per unit of output. Each pound has a standard price of $14 per pound. During February. Oxford Co paid $57.200 for 4,870 pounds, which were used to produce 2.470 units. What is the direct materials price variance? Multiple Choice O $10.900 favorable 0 O $11.540 favorable 0 $10.980 unfavorable O $11540 unfavorable Delaware Corp. prepared a master budget that included $24,360 for direct materials, $28.100 for direct labor. $18,270 for variable...
The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $50...
The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $50 per pound. In manufacturing 8,000 units, 47,000 pounds of material were used at a cost of $51 per pound. What is the direct materials quantity variance? Multiple Choice $47,000 unfevorable $47000 favorable $50,000 unfavcracle Multiple Choice $47,000 unfavorable. $47,000 favorable. $50,000 unfavorable $50,000 favorable. Prex 1 of 20 Next Fletcher Company collected the following data regarding production of...
3- Claremont Company sells refurbished copiers. During the month, the company sold 180 copiers at an...
3- Claremont Company sells refurbished copiers. During the month, the company sold 180 copiers at an average price of $3,000 each. The budget for the month was to sell 175 copiers at an average price of $3,200. The expected total sales for 180 copiers were: Multiple Choice $540,000. $576,000. $525,000. $560,000. $550,000. 9- A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000...
1.A company produces widgets with budgeted standard direct materials of 2 pounds per widget at $5...
1.A company produces widgets with budgeted standard direct materials of 2 pounds per widget at $5 per pound. Standard direct labor was budgeted at 0.5 hour per widget at $15 per hour. The actual usage in the current year was 25,000 pounds (an actual cost of $4.75 per pound) and 3,000 hours (an actual rate of $17 per pound )to produce 10,000 widgets. What was the direct labor usage variance? A. $30,000 favorable. B. $25,000 favorable. C. $25,000 unfavorable. D....
A company has established 6 pounds of Material J at $3 per pound as the standard...
A company has established 6 pounds of Material J at $3 per pound as the standard for the material in its Product Z. The company has just produced 1,000 units of this product, using 6,200 pounds of Material J that cost $17,680. The direct materials quantity variance is: $600 unfavorable. $920 unfavorable. $920 favorable. $600 favorable. $320 favorable.
Multiple Choice Question 115 The per-unit standards for direct materials are 2 pounds at $5 per...
Multiple Choice Question 115 The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 9800 pounds of direct materials that actually cost $47200 were used to produce 5400 units of product. The direct materials quantity variance for last month was $6800 unfavorable. $5000 favorable. $2700 favorable. $5000 unfavorable. NOISEA H BACK NE Multiple Choice Question 116 The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 3000...
PLEASE ANSWER QUESTIONS CORRECTLY !!!! 1. 2. 3. 4. PLEASE ANSWER QUESTIONS CORRECTLY !!!! Use the...
PLEASE ANSWER QUESTIONS CORRECTLY !!!!
1.
2.
3.
4.
PLEASE ANSWER QUESTIONS CORRECTLY !!!!
Use the following data to find the total direct labor cost variance if the company produced 3,500 units during the period. Direct labor standard (4.00 hrs. @ $6.20/hr.) Actual hours worked Actual rate per hour $ 24.80 per unit 12,050 $ 6.30 Multiple Choice . $12,050 favorable 0 $10.885 unfavorable. 0 $10,885 favorable. 0 $1,400 favorable. O $1,400 unfavorable. Fletcher Company collected the following data regarding...
Information concerning Johnston Co.'s direct materials costs is as follows: Standard price per pound Actual quantity...
Information concerning Johnston Co.'s direct materials costs is as follows: Standard price per pound Actual quantity purchased Actual quantity used in production Units of product manufactured Materials purchase-price variance-favorable Budget data for the period: Units to manufacture Units of direct materials $ 7.15 3,100 pounds 3,000 pounds 770 $ 925 1,070 4,280 pounds The direct materials usage variance for the period, rounded to two decimal places, is: Ο $437.00 favorable. Ο $572.00 unfavorable. Ο $782.00 favorable. Ο $572.00 favorable. Ο...
During June, Danby Company’s material purchases amounted to 15,190 pounds at a price of $6.00 per...
During June, Danby Company’s material purchases amounted to
15,190 pounds at a price of $6.00 per pound. Actual costs incurred
in the production of 2,450 units were as follows:
Direct labor:
$
78,144
($14.80 per hour)
Direct material:
$
75,180
($6.00 per pound)
The standards for one unit of Danby Company’s product are as
follows:
Direct Labor:
Direct Material:
Quantity, 2 hours per unit
Quantity, 5 pounds per unit
Rate, $14.50 per hour
Price, $5.80 per pound
Required:
Fill in...
Oxford Co. has a materials standard of 21 pounds per unit of output. Each pound has a standard price of $14 per pound. During February. Oxford Co paid $57.200 for 4,870 pounds, which were used to produce 2.470 units. What is the direct materials price variance? Multiple Choice O $10.900 favorable 0 O $11.540 favorable 0 $10.980 unfavorable O $11540 unfavorable Delaware Corp. prepared a master budget that included $24,360 for direct materials, $28.100 for direct labor. $18,270 for variable...
The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $50 per pound. In manufacturing 8,000 units, 47,000 pounds of material were used at a cost of $51 per pound. What is the direct materials quantity variance? Multiple Choice $47,000 unfevorable $47000 favorable $50,000 unfavcracle Multiple Choice $47,000 unfavorable. $47,000 favorable. $50,000 unfavorable $50,000 favorable. Prex 1 of 20 Next Fletcher Company collected the following data regarding production of...
Multiple Choice Question 115 The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 9800 pounds of direct materials that actually cost $47200 were used to produce 5400 units of product. The direct materials quantity variance for last month was $6800 unfavorable. $5000 favorable. $2700 favorable. $5000 unfavorable. NOISEA H BACK NE Multiple Choice Question 116 The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 3000...
PLEASE ANSWER QUESTIONS CORRECTLY !!!!
1.
2.
3.
4.
PLEASE ANSWER QUESTIONS CORRECTLY !!!!
Use the following data to find the total direct labor cost variance if the company produced 3,500 units during the period. Direct labor standard (4.00 hrs. @ $6.20/hr.) Actual hours worked Actual rate per hour $ 24.80 per unit 12,050 $ 6.30 Multiple Choice . $12,050 favorable 0 $10.885 unfavorable. 0 $10,885 favorable. 0 $1,400 favorable. O $1,400 unfavorable. Fletcher Company collected the following data regarding...
Information concerning Johnston Co.'s direct materials costs is as follows: Standard price per pound Actual quantity purchased Actual quantity used in production Units of product manufactured Materials purchase-price variance-favorable Budget data for the period: Units to manufacture Units of direct materials $ 7.15 3,100 pounds 3,000 pounds 770 $ 925 1,070 4,280 pounds The direct materials usage variance for the period, rounded to two decimal places, is: Ο $437.00 favorable. Ο $572.00 unfavorable. Ο $782.00 favorable. Ο $572.00 favorable. Ο...
During June, Danby Company’s material purchases amounted to
15,190 pounds at a price of $6.00 per pound. Actual costs incurred
in the production of 2,450 units were as follows:
Direct labor:
$
78,144
($14.80 per hour)
Direct material:
$
75,180
($6.00 per pound)
The standards for one unit of Danby Company’s product are as
follows:
Direct Labor:
Direct Material:
Quantity, 2 hours per unit
Quantity, 5 pounds per unit
Rate, $14.50 per hour
Price, $5.80 per pound
Required:
Fill in...
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