Homework Answers
| Material Price variance | 3910 | Favorable | =44574-(3910*12.4) |
| Material Quantity variance | 1488 | Favorable | =12.4*(3120-3600*0.9) |
| Labor Rate variance | 6136 | Favorable | =61360-(4720*14.3) |
| Labor Efficiency variance | 5720 | Unfavorable | =14.3*(4720-3600*1.2) |
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Exercise 11-9 Pukalani Band Uniforms uses a standard costing system. The standard material and labor costs...
Exercise 11-9 Pukalani Band Uniforms uses a standard costing system. The standard material and labor costs...
Exercise 11-9 Pukalani Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows: Materials (0.90 yards x $11.40) Direct labor (1.20 hours x $13.80) $10.26 $16.56 During May, the company produced 3,340 band hats; 3,870 yards of material were purchased for $41,022, and 3,050 yards of material were used in production. Also during May, 4,240 direct labor hours were worked at a cost of $59,360. Calculate material price...
Richetti Band Uniforms uses a standard costing system. The standard material and labor costs for producing...
Richetti Band Uniforms uses a standard costing system. The
standard material and labor costs for producing a marching band hat
are as follows:
Materials (0.90 yards × $11.70)
$10.53
Direct labor (1.20 hours × $13.30)
$15.96
During May, the company produced 3,770 band hats; 4,400 yards of
material were purchased for $42,240, and 3,270 yards of material
were used in production. Also during May, 4,790 direct labor hours
were worked at a cost of $57,480. Calculate material price and
quantity...
Lawn Band Uniforms uses a standard costing system. The standard material and labor costs for producing...
Lawn Band Uniforms uses a standard costing system. The standard
material and labor costs for producing a marching band hat are as
follows:
Materials (0.90 yards ×
$12.20)
$10.98
Direct labor (1.20 hours ×
$13.70)
$16.44
During May, the company produced 3,290 band hats; 4,340 yards of
material were purchased for $44,702, and 3,300 yards of material
were used in production. Also during May, 4,710 direct labor hours
were worked at a cost of $61,230. Calculate material price and
quantity...
Cinrich Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching ba...
Cinrich Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows: Materials (0.90 yards x $11.50) Direct labor (1.20 hours x $13.20) $10.35 $15.84 During May, the company produced 3,520 band hats; 3,770 yards of material were purchased for $36,946, and 2,900 yards of material were used in production. Also during May, 4,300 direct labor hours were worked at a cost of $60,200. Calculate material price and quantity...
H55 Band Uniforms uses a standard costing system. The standard material and labor costs for producing...
H55 Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows: Materials (0.90 yards × $11.30) $10.17 Direct labor (1.20 hours × $13.90) $16.68 During May, the company produced 3,900 band hats; 4,090 yards of material were purchased for $46,217, and 3,170 yards of material were used in production. Also during May, 4,610 direct labor hours were worked at a cost of $59,930. Calculate material price and quantity...
Exercise 11-9 Your answer is partialy correct. Try again Granger Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as foll...
Exercise 11-9 Your answer is partialy correct. Try again Granger Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows: Materials (0.90 yards x$12.20) $10.98 Direct labor (1.20 hours x $13.70) $16.44 Ouring May, the company produced 3,290 band hats; 4,340 yards of material were purchased for $44,702, and 3.300 yards of material were used in production. Aliso during May, 4,710 direct labor hours were worked at a...
Texas Boots uses a standard costing system. The standard material and labor costs Exercise 3) Texas...
Texas Boots uses a standard costing system. The standard material and labor costs Exercise 3) Texas Boots uses a standard for producing each pair of boots are as follows: Materials (1.5 yards x $9.00) $13.50 Direct labor (.5 hours x $15) 7.50 During May, the company produced 7,000 pairs of boots; 10,000 yards of material were purchased for $80,000, and 11,000 yards of material were used in production. Also during May. 3,800 direct labor hours were worked at a cost...
Muskie, Inc manufactures basketball uniforms for college and NBA teams. The following are the STANDARD COSTS...
Muskie, Inc manufactures basketball uniforms for college and NBA teams. The following are the STANDARD COSTS FOR ONE UNIFORM: Direct Material 2.25 Yards @ $12.00/YD $27.00 Direct Labor 1.5 Hours @ $18.50/HR $27.75 Manufacturing Overhead Variable $6.50/DLH x 1.5 DLHs $9.75 Fixed $15/DLH x 1.5 DLHs $22.5 Total Standard Cost Per Unit = $87.00 Budgeted Selling Price $155.00 Planned activity level (normal capacity) is 7,500 units annually; the fixed manufacturing overhead...
ABC Company uses a standard costing system for production costing and control Standard direct labor hours...
ABC Company uses a standard costing system for production costing and control Standard direct labor hours based on practical capacity are used to compute overhead rates. The standard cost for the one of its products is as follows: Quantity Cost per unit Total Cost 4.0 kilograms $ 10.00 $ 40.00 2.6 hours 31.20 2.6 hours 10.00 26.00 2.6 hours 6.00 15.60 + Raw material Direct labor Variable overhead Fixed overhead 12.00 Annual practical capacity 60,000 units NU UN During the...
Hemandez Corporation uses a standard cost system and has established the following standards for one unit...
Hemandez Corporation uses a standard cost system and has established the following standards for one unit of product: Standard Quantity 10 pounds 25 hour Standard Cost $26.00 Price Direct materials Direct labor $2.60 per pound $10.00 per hour2.50 $28.50 During October, the company purchased 240,000 pounds of material at a total cost of $588,000. The total factory wages for October were $49,400. During October, 21,000 units ofproduct were manufactured using 211,000 pounds of material and 5,200 direct labor hours. Material...
Exercise 11-9 Pukalani Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows: Materials (0.90 yards x $11.40) Direct labor (1.20 hours x $13.80) $10.26 $16.56 During May, the company produced 3,340 band hats; 3,870 yards of material were purchased for $41,022, and 3,050 yards of material were used in production. Also during May, 4,240 direct labor hours were worked at a cost of $59,360. Calculate material price...
Richetti Band Uniforms uses a standard costing system. The
standard material and labor costs for producing a marching band hat
are as follows:
Materials (0.90 yards × $11.70)
$10.53
Direct labor (1.20 hours × $13.30)
$15.96
During May, the company produced 3,770 band hats; 4,400 yards of
material were purchased for $42,240, and 3,270 yards of material
were used in production. Also during May, 4,790 direct labor hours
were worked at a cost of $57,480. Calculate material price and
quantity...
Lawn Band Uniforms uses a standard costing system. The standard
material and labor costs for producing a marching band hat are as
follows:
Materials (0.90 yards ×
$12.20)
$10.98
Direct labor (1.20 hours ×
$13.70)
$16.44
During May, the company produced 3,290 band hats; 4,340 yards of
material were purchased for $44,702, and 3,300 yards of material
were used in production. Also during May, 4,710 direct labor hours
were worked at a cost of $61,230. Calculate material price and
quantity...
Cinrich Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows: Materials (0.90 yards x $11.50) Direct labor (1.20 hours x $13.20) $10.35 $15.84 During May, the company produced 3,520 band hats; 3,770 yards of material were purchased for $36,946, and 2,900 yards of material were used in production. Also during May, 4,300 direct labor hours were worked at a cost of $60,200. Calculate material price and quantity...
Exercise 11-9 Your answer is partialy correct. Try again Granger Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows: Materials (0.90 yards x$12.20) $10.98 Direct labor (1.20 hours x $13.70) $16.44 Ouring May, the company produced 3,290 band hats; 4,340 yards of material were purchased for $44,702, and 3.300 yards of material were used in production. Aliso during May, 4,710 direct labor hours were worked at a...
Texas Boots uses a standard costing system. The standard material and labor costs Exercise 3) Texas Boots uses a standard for producing each pair of boots are as follows: Materials (1.5 yards x $9.00) $13.50 Direct labor (.5 hours x $15) 7.50 During May, the company produced 7,000 pairs of boots; 10,000 yards of material were purchased for $80,000, and 11,000 yards of material were used in production. Also during May. 3,800 direct labor hours were worked at a cost...
ABC Company uses a standard costing system for production costing and control Standard direct labor hours based on practical capacity are used to compute overhead rates. The standard cost for the one of its products is as follows: Quantity Cost per unit Total Cost 4.0 kilograms $ 10.00 $ 40.00 2.6 hours 31.20 2.6 hours 10.00 26.00 2.6 hours 6.00 15.60 + Raw material Direct labor Variable overhead Fixed overhead 12.00 Annual practical capacity 60,000 units NU UN During the...
Hemandez Corporation uses a standard cost system and has established the following standards for one unit of product: Standard Quantity 10 pounds 25 hour Standard Cost $26.00 Price Direct materials Direct labor $2.60 per pound $10.00 per hour2.50 $28.50 During October, the company purchased 240,000 pounds of material at a total cost of $588,000. The total factory wages for October were $49,400. During October, 21,000 units ofproduct were manufactured using 211,000 pounds of material and 5,200 direct labor hours. Material...
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