Homework Answers
rate positively ..
| Direct material price variance = (Actual price - Budgeted price) x Actual quantity | |||||||||
| (8-8.82)*2900 | |||||||||
| -2378 | Favorable | ||||||||
| Therefore answer = | option b. 2378 favorable | ||||||||
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The standard costs and actual costs for direct materials for the manufacture of 2,900 actual units...
E Calculator The standard costs and actual costs for direct materials for the manufacture of 2,400...
E Calculator The standard costs and actual costs for direct materials for the manufacture of 2,400 actual units of product are Standard Costs Direct materials (per completed unit) 1,040 kilograms @$8.77 Actual Costs Direct materials Round your final answer to the nearest dollar. 2,400 kilograms @ $8.00 The amount of direct materials price variance is a. $1,848 favorable b. $1,848 unfavorable c. $801 favorable d. $801 unfavorable
The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units...
The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are Standard Costs 2,240 kilograms @$8.70 Direct materials Actual Costs Direct materials 2,300 kilograms @ $8.10 The amount of the direct materials quantity variance is a. $418 favorable Ob. $418 unfavorable Oc. $522 favorable Od. $522 unfavorable
The standard costs and actual costs for direct materials for the manufacture of 2,640 actual units...
The standard costs and actual costs for direct materials for the manufacture of 2,640 actual units of product are as follows: Standard Costs Direct materials 2,640 kilograms at $8.60 Actual Costs Direct materials 2,700 kilograms at $8.10 The direct materials quantity variance is a.$516 unfavorable b.$413 favorable c.$516 favorable d.$413 unfavorable
A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual...
A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are as follows: Standard Costs Direct materials 2,240 kilograms @$8.60 Actual Costs Direct materials 2,300 kilograms The direct materials quantity variance is? Choose the correct answer below $413 favorable $516 unfavorable $516 favorable $413 unfavorable B. The following data relate to direct labor costs for the current period: Standard costs 7,200 hours at $11.30 Actual costs 6,400 hours at $10.80 What...
The standard costs and actual costs for factory overhead for the manufacture of 2,900 units of...
The standard costs and actual costs for factory overhead for the manufacture of 2,900 units of actual production are as follows: Standard Costs Fixed overhead (based on 10,000 hours) 3 hours per unit @ $0.76 per hour Variable overhead 3 hours per unit @ $2.05 per hour Actual Costs Total variable cost, $17,800 Total fixed cost, $8,000 The amount of the fixed factory overhead volume variance is a. $988 unfavorable b. $790 unfavorable c. $790 favorable d. $0
Myers Corporation has the following data related to direct materials costs for November: actual costs for...
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.00; and standard costs for 4,460 pounds of material at $6.40 per pound. What is the direct materials price variance? Oa. $1,344 unfavorable ob. $6,538 unfavorable OC. $6,538 favorable Od. $1,344 favorable
The standard costs and actual costs for factory overhead for the manufacture of 2,700 units of...
The standard costs and actual costs for factory overhead for the manufacture of 2,700 units of actual production are as follows: Standard Costs 3 hours per unit $0.72 per hour 3 hours per unit@ $2.08 per hour Fixed overhead (based on 10,000 hours) Variable overhead Actual Costs Total variable cost, $18,000 Total fixed cost, $8,200 The amount of the fixed factory overhead volume variance is Oa. $1,368 unfavorable ob. $1,094 unfavorable OC. $0 cd. $1,094 favorable Prevous Next
1) 2) 3) 4) 5) A favorable cost variance occurs when Oa. actual costs are the...
1)
2)
3)
4)
5)
A favorable cost variance occurs when Oa. actual costs are the same as standard costs Ob. actual costs are more than standard costs Oc. standard costs are more than actual costs Od. standard costs are less than actual costs The Flapjack Corporation had 8,042 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 999 units were actually produced. Labor standards were 7.9...
The standard costs and actual costs for direct labor in the manufacture of 2,500 units of...
The standard costs and actual costs for direct labor in the manufacture of 2,500 units of product are as follows: Standard Costs Direct labor 7,500 hours @ $11.80 Actual Costs Direct labor 7,400 hours @ $11.40 The direct labor time variance is a.$1,140 favorable b.$1,180 unfavorable c.$1,180 favorable d.$1,140 unfavorable
The standard costs and actual costs for direct labor in the manufacture of 2,500 units of...
The standard costs and actual costs for direct labor in the manufacture of 2,500 units of product are as follows: Standard Costs Direct labor 7,500 hours at $11.80 Actual Costs Direct labor 7,400 hours at $11.40 The direct labor time variance is a.$1,180 favorable b.$1,140 favorable c.$1,180 unfavorable d.$1,140 unfavorable
E Calculator The standard costs and actual costs for direct materials for the manufacture of 2,400 actual units of product are Standard Costs Direct materials (per completed unit) 1,040 kilograms @$8.77 Actual Costs Direct materials Round your final answer to the nearest dollar. 2,400 kilograms @ $8.00 The amount of direct materials price variance is a. $1,848 favorable b. $1,848 unfavorable c. $801 favorable d. $801 unfavorable
The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are Standard Costs 2,240 kilograms @$8.70 Direct materials Actual Costs Direct materials 2,300 kilograms @ $8.10 The amount of the direct materials quantity variance is a. $418 favorable Ob. $418 unfavorable Oc. $522 favorable Od. $522 unfavorable
A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are as follows: Standard Costs Direct materials 2,240 kilograms @$8.60 Actual Costs Direct materials 2,300 kilograms The direct materials quantity variance is? Choose the correct answer below $413 favorable $516 unfavorable $516 favorable $413 unfavorable B. The following data relate to direct labor costs for the current period: Standard costs 7,200 hours at $11.30 Actual costs 6,400 hours at $10.80 What...
The standard costs and actual costs for factory overhead for the manufacture of 2,900 units of actual production are as follows: Standard Costs Fixed overhead (based on 10,000 hours) 3 hours per unit @ $0.76 per hour Variable overhead 3 hours per unit @ $2.05 per hour Actual Costs Total variable cost, $17,800 Total fixed cost, $8,000 The amount of the fixed factory overhead volume variance is a. $988 unfavorable b. $790 unfavorable c. $790 favorable d. $0
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.00; and standard costs for 4,460 pounds of material at $6.40 per pound. What is the direct materials price variance? Oa. $1,344 unfavorable ob. $6,538 unfavorable OC. $6,538 favorable Od. $1,344 favorable
The standard costs and actual costs for factory overhead for the manufacture of 2,700 units of actual production are as follows: Standard Costs 3 hours per unit $0.72 per hour 3 hours per unit@ $2.08 per hour Fixed overhead (based on 10,000 hours) Variable overhead Actual Costs Total variable cost, $18,000 Total fixed cost, $8,200 The amount of the fixed factory overhead volume variance is Oa. $1,368 unfavorable ob. $1,094 unfavorable OC. $0 cd. $1,094 favorable Prevous Next
1)
2)
3)
4)
5)
A favorable cost variance occurs when Oa. actual costs are the same as standard costs Ob. actual costs are more than standard costs Oc. standard costs are more than actual costs Od. standard costs are less than actual costs The Flapjack Corporation had 8,042 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 999 units were actually produced. Labor standards were 7.9...
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