Solution
Material Price Variance | $ 1,060.00 | Favourable-F |
Material quantity variance | $ 9,275.00 | Unfavourable-U |
Alternate solution for material quantity variance
Material quantity variance | $ 11,925.00 | Unfavourable-U |
Working
Material Price Variance | ||||||
( | Standard Rate | - | Actual Rate | ) | x | Actual Quantity |
( | $ 2.50 | - | $ 2.40 | ) | x | 10600 |
1060 | ||||||
Variance | $ 1,060.00 | Favourable-F | ||||
Material Quantity Variance | ||||||
( | Standard Quantity | - | Actual Quantity | ) | x | Standard Rate |
( | 5830 | - | 9540 | ) | x | $ 2.50 |
-9275 | ||||||
Variance | $ 9,275.00 | Unfavourable-U |
.
Actual DATA for | 1060 | Items | |
Quantity (AQ) | Rate (AR) | Actual Cost | |
Direct Material | 10600 | $ 2.40 | $ 25,440.00 |
.
Standard DATA for | 1060 | Items | |
Quantity (SQ) | Rate (SR) | Standard Cost | |
[A] | [B] | [A x B] | |
Direct Material | ( 5.5 pounds x 1060 Items)=5830 pounds | $ 2.50 | $ 14,575.00 |
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Please help me correct my error, provide me the way to do it too if possible: Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost $16.25 5.75 Direct materials...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below. Standard Quantity of Hours Direct materials Direct labor 7.0 pounds 0.4 hours Standard Price of Rate $ 3.00 per pound $14.00 per hour Standard Cost $21.00 S 5.60 During the most recent month, the following activity was recorded a. Thirteenthousand six hundred pounds of material were purchased at a cost of $2.90 per pound b....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 6.6 pounds 0.4 hours Standard Price or Rate S 3.00 per pound $12.00 per hour Standard Cost $19.80 S 4.80 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Twelve thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Price Standard Quantity or Hours Standard Cost or Rate E Direct materials Direct labor 6.1 pounds $2.50 per pound $15.25 0.5 hours $9.50 per hour $ 4.75 During the most recent month, the following activity was recorded: Eleven thousand eight hundred pounds of material were purchased at a cost of $2.40 E' per pound....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Standard Price Quantity or Hours Standard or Rate $ 2.50 per pound $14.50 per hour Cost 7.10 pounds 0.50 hours Direct materials Direct labor $17.75 $ 7.25 During the most recent month, the following activity was recorded: a. Thirteen thousand eight hundred pounds of material were purchased at a cost of $2.40 per pound....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 7.10 pounds 0.50 hours Standard Price or Rate $ 2.50 per pound $14.50 per hour Standard Cost $17.75 $ 7.25 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Thirteen thousand eight hundred pounds of material were purchased at a cost of $2.40 per pound....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 5.60 pounds 0.40 hours Standard Price or Rate $3.00 per pound $7.00 per hour Standard Cost $16.80 $ 2.80 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Ten thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. b....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 5.90 pounds 0.50 hours Standard Price or Rate $2.50 per pound $8.50 per hour Standard Cost $14.75 $ 4.25 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Eleven thousand four hundred pounds of material were purchased at a cost of $2.40 per pound. b....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Standard Price Standard Hours Cost or Rate 5.60 pounds Direct materials $3.00 per pound $7.00 per hour $16.80 $2.80 Direct labor 0.40 hours During the most recent month, the following activity was recorded: a. Ten thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. b. The...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 7.10 pounds 0.50 hours Standard Price or Rate $ 2.50 per pound $14.50 per hour Standard Cost $17.75 $ 7.25 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Thirteen thousand eight hundred pounds of material were purchased at a cost of $2.40 per pound....