6. Table Manufacturing Company produces one style of tables.
The following data pertain to producing one table
Planned production per month
Units (one table) 100
Place of woods (M) 20
Estimated M price $30
Actual production
Quality purchased (QP) 18
Actual Price (AP) $34
The calculated material quality (volume) variance is
72 fav
72 unfav
60 fav
60 unfav
12 fav
12 u
6. Table Manufacturing Company produces one style of tables. The following data pertain to producing one...
Table Manufacturing Company produce one style of tables. The following data pertain to producing one table. Planned production per month: Units (one table) = 100 Piece of Woods = 20 Estimate M price = $30 Actual production Quantity purchased (QP) = 18 Actual Price (AP) = $34 The calculated material quantity (volume) variance is: a. 72 Favorable b. 72 Unfavorable c. 60 Favorable d. 60 Unfavorable e. 12 Favorable f. 12 Unfavorable
estion 15 Table Manufacturing Company produce one style of tables. the following data pertain to producing one table Planned production per month Units (one table) 100 Piece of woods (M) 20 Estimated M price $30 Actual production Quantity purchased (QP) 18 $34 Actual price (AP) The calculated total material variance is 1.72 Favorable 2.72 Unfavorable 3.60 Favorable 4.60 Unfavorable 5.12 Favorable 6.12 Unfavorable A Moving to another question will save this me
Table Manufacturing Company produces one style of tables. the following data pertain to producing one table Planned production/month ? units (one table) 50 Piece of woods (M) 20 Estimated M price $20 Actual production ? Quantity purchased (QP) from M 19 Actual price (AP) $21 Material?volume (efficiency)?variance? ? $19, Favorable $19, Unfavorable $20, Favorable $20, Unfavorable Given: Total direct material variance $200 favorable (F), Direct material price variance $900 unfavorable (UF), Standard price $10 Standard quantities 750 Find actual price...
Q5: Table Manufacturing Company produces one style of tables. The following data pertain to producing one table Planned production/month units (one unit = one table) 20 A piece of woods (M) 20 Estimated M price $10 Actual production Quantity purchased (QP) from M 22 Actual price (AP) $9.5 Material variances? Q6: Given the following data to calculate variable overhead variances Actual inputs Actual hours 200 Actual rate $12.00 Standards Standards hours 190 Standard rate $10.00 Find the budget variance and...
Table Manufacturing Company produces one style of tables. the following data pertain to producing one table Planned production/month ? units (one table) 50 Piece of woods (M) 20 Estimated M price $20 Actual production ? Quantity purchased (QP) from M 19 Actual price (AP) $21 Material price variance? ? $19, Favorable $19, Unfavorable $20, Favorable $20, Unfavorable Given for XM Company the following data for January 20X1. Direct material purchased and used in production accounted for $100,000 Units purchased 10,000...
> as Moving to another question will save this response. Question 7 Table Manufacturing Company produces one style of tables. The following data pertain to producing one table Planned production/month units (one table) Piece of woods (M) Estimated M price Actual production Quantity purchased (QP) Find actual price (AP) 90 20 540 Assuming that the manager wants the total material variance Less than $30 Between $30 and $33 Between $34 and $35 More than $36 à Moving to another question...
Variance means a. difference between standard or applied amount and actual amount b. actual costs less actual rates c. standard costs less standard rates d. square root of standard deviation 2. Table Manufacturing Company produces one style of tables. The following data pertain to producing one table Planned production/month units (one table) 90 Piece of woods (M) 20 Estimated M price $40 Actual production Quantity purchased (QP) 22 Find actual price (AP) x Assuming that the manager wants the total...
1. A furniture company uses sunmica tops for tables. It provides the following data: St. Quantity for sunmica per table 4 sq.ft St. price per sq. ft of sunmica AED 5 Actual prod. Of tables 1000 Sunmica actually used 4,300 sq.ft Actual purchase price per sq. ft AED 5.50. You are required to calculate Material variances. 2. From the following information calculate (i) material cost variance (ii) material price variance (iii) Material Usage variance Quantity of material purchased 3000 units...
REQUIRED: Calculate the following manufacturing cost variances for the company for the period. Show all supporting calculations. (1) Direct materials price variance. (2) Direct materials quantity variance. Direct labor price (rate) variance. Direct labor quantity (efficiency) variance. Variable manufacturing spending (price) variance. Variable manufacturing efficiency (quantity) variance. Fixed manufacturing spending (price) variance. Fixed manufacturing volume variance. (7) Problem 1 (25 points). Versailles Company produces a product that relies on a standard cost system for planning and control. The following are...
rsailles Company produces a product that relies on a standard cost system for planning ntrol. The following are the standards for producing one unit of product. VERSAILLES COMPANY STANDARDS FOR PRODUCTION OF ONE UNIT OF PRODUCT Standard Standard Standard Quantity of Price Cost Input of Input Per Unit Direct Materials 3 units $ 12.00 S 36.00 Direct Labor 1.0 hours 10.00 10.00 Variable Manufacturing Overhead 1.0 hours I 6.00 6.00 Fixed Manufacturing Overhead 1.0 hours 18.00 18.00 During the period,...