Homework Answers
| Direct material quantity variance = Standard price*(Actual quantity-Standard quantity) |
| Direct material quantity variance = 6*(1141-775*1.38)= $ 429 Unfavorable |
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PRINTER VERSION TACK NEXT Exercise 6-10 Sunland, Inc, makes high-quality swimsuits. During the year, the company...
Sheffield, Inc. makes high-quality swimsuits. During the year, the company produced 750 suits, using 1,118 yards...
Sheffield, Inc. makes high-quality swimsuits. During the year, the company produced 750 suits, using 1,118 yards of material, and the company purchased 968 yards of material for $4,881. The direct materials standard for the swimsuits allows 1.40 yards of material at a standard price of $4 per yard. Calculate Sheffield's direct materials quantity variance for the year. (If variance is zero, select "Not Applicable" and enter for the amounts. Round answer to 0 decimal places, e.g. 15.) Direct material quantity...
FULL SCREtN PRINTER VERSION ㅖ BACK NEXT Rudd Clothiers is a small company that manufactures tall-men's...
FULL SCREtN PRINTER VERSION ㅖ BACK NEXT Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2017, 10,100 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 14,000 direct labor hours. All materials purchased were used. Standard (per unit) Actual Cost Element Direct materials Direct labor Overhead 9 yards at $4.00 per yard 1.10 hours at $14.00...
CALCULATOR PRINTER VERSION BACK NEXT Exercise 6-6 Crane WaterWorks manufactures snorkel gear. During the past month,...
CALCULATOR PRINTER VERSION BACK NEXT Exercise 6-6 Crane WaterWorks manufactures snorkel gear. During the past month, Washington purchased 4,130 pounds of plastic to use in its dive masks, at a cost of $5,676. The standard price for the plastic is $1.539 per pound. The company actually used 4,090 pounds of the plastic to produce 16.900 dive masks Calculate Crane's direct materials price variance for the month. (Round answer to enter for the amounts.) decimal places, e.g. 5,275. If variance is...
nouncements Help I S CALCULATOR PRINTER VERSION 4 BACK NEXT Brief Exercise 193 During March, Patt,...
nouncements Help I S CALCULATOR PRINTER VERSION 4 BACK NEXT Brief Exercise 193 During March, Patt, Inc. purchases and uses 8,800 pounds of materials costing $35,640 to make 4,000 tiles. Patt's standard material cost per tile is $8 (2 pounds of material x $4.00) Compute the total, price, and quantity material variances for Patt, Inc. for March. Identify whether the variance is favorable or unfavorable? on 34v ion 26 Total Materials Variance on 37 Materials Price Variance ?? Materiais Quantity...
CALCULATOR PRINTER VERSION BACK NEXT Exercise 6-5 Bonita manufactures aluminum canoes. In planning for the coming...
CALCULATOR PRINTER VERSION BACK NEXT Exercise 6-5 Bonita manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2.500 canoes, 3,000 canoes, and 3.500 cances Canoessel for $809 each. The standard variable cost information for a canoe as follows $338 Direct materials Direct labor Variable overhead 155 Indirect material Indirect labor 35 30 60 $618 Annual wed overhead costs expected to be Maintenance $18.610 Depreciation 39,800 Insurance 25.870 29,290 $113570 Alexis King...
Return to Blackboard Davis, Managerial Accounting, 3e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Vaughn...
Return to Blackboard Davis, Managerial Accounting, 3e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Vaughn manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2,500 canoes, 3,000 canoes, and 3,500 canoes. Canoes sell for $809 each. The standard variable cost information for a canoe is as follows. RCES ORK $325 195 Direct materials Direct labor Variable overhead Utilities Indirect material Indirect labor Total 35 60 $645 tudy. Annual fixed overhead...
Exercise 6-5 Sunland manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering thre...
Exercise 6-5 Sunland manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2,500 canoes, 3,000 canoes, and 3,500 canoes. Canoes sell for $806 each. The standard variable cost information for a canoe is as follows. Direct materials Direct labor Variable overhead $304 198 Utilities 35 Indirect material 30 Indirect labor 60 Total $627 Annual fixed overhead cost is expected to be: Maintenance $ 18,260 Depreciation 38,700 Insurance 26,600 Rent 29,980 Total...
Exercise 6-5 Bonita manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is...
Exercise 6-5 Bonita manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2,500 cances, 3,000 canoes, and 3,500 cances. Canoes sell for $809 each. The standard variable cost information for a canoe is as follows. $338 155 Direct materials Direct labor Variable overhead Utilities Indirect material Indirect labor Tots 35 30 60 wy 5518 Annual fixed overhead cost is expected to be Maintenance Depreciation Insurance Rent Total $ 18,510 39,800 25,870...
Sheffield, Inc. makes high-quality swimsuits. During the year, the company produced 750 suits, using 1,118 yards of material, and the company purchased 968 yards of material for $4,881. The direct materials standard for the swimsuits allows 1.40 yards of material at a standard price of $4 per yard. Calculate Sheffield's direct materials quantity variance for the year. (If variance is zero, select "Not Applicable" and enter for the amounts. Round answer to 0 decimal places, e.g. 15.) Direct material quantity...
FULL SCREtN PRINTER VERSION ㅖ BACK NEXT Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2017, 10,100 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 14,000 direct labor hours. All materials purchased were used. Standard (per unit) Actual Cost Element Direct materials Direct labor Overhead 9 yards at $4.00 per yard 1.10 hours at $14.00...
CALCULATOR PRINTER VERSION BACK NEXT Exercise 6-6 Crane WaterWorks manufactures snorkel gear. During the past month, Washington purchased 4,130 pounds of plastic to use in its dive masks, at a cost of $5,676. The standard price for the plastic is $1.539 per pound. The company actually used 4,090 pounds of the plastic to produce 16.900 dive masks Calculate Crane's direct materials price variance for the month. (Round answer to enter for the amounts.) decimal places, e.g. 5,275. If variance is...
nouncements Help I S CALCULATOR PRINTER VERSION 4 BACK NEXT Brief Exercise 193 During March, Patt, Inc. purchases and uses 8,800 pounds of materials costing $35,640 to make 4,000 tiles. Patt's standard material cost per tile is $8 (2 pounds of material x $4.00) Compute the total, price, and quantity material variances for Patt, Inc. for March. Identify whether the variance is favorable or unfavorable? on 34v ion 26 Total Materials Variance on 37 Materials Price Variance ?? Materiais Quantity...
CALCULATOR PRINTER VERSION BACK NEXT Exercise 6-5 Bonita manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2.500 canoes, 3,000 canoes, and 3.500 cances Canoessel for $809 each. The standard variable cost information for a canoe as follows $338 Direct materials Direct labor Variable overhead 155 Indirect material Indirect labor 35 30 60 $618 Annual wed overhead costs expected to be Maintenance $18.610 Depreciation 39,800 Insurance 25.870 29,290 $113570 Alexis King...
Return to Blackboard Davis, Managerial Accounting, 3e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Vaughn manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2,500 canoes, 3,000 canoes, and 3,500 canoes. Canoes sell for $809 each. The standard variable cost information for a canoe is as follows. RCES ORK $325 195 Direct materials Direct labor Variable overhead Utilities Indirect material Indirect labor Total 35 60 $645 tudy. Annual fixed overhead...
Exercise 6-5 Sunland manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2,500 canoes, 3,000 canoes, and 3,500 canoes. Canoes sell for $806 each. The standard variable cost information for a canoe is as follows. Direct materials Direct labor Variable overhead $304 198 Utilities 35 Indirect material 30 Indirect labor 60 Total $627 Annual fixed overhead cost is expected to be: Maintenance $ 18,260 Depreciation 38,700 Insurance 26,600 Rent 29,980 Total...
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